Santander and Ferrari announce 5-year partnership
Sep 10, 2009 | 08:07 PM
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Santander and Ferrari announce 5-year partnership
Formula One news: Santander and Ferrari announce 5-year partnership - GPUpdate.net Formula One
Ferrari and Spanish bank Santander confirmed at Monza on Thursday that the two parties will be joining forces for five seasons, starting next year. The bank, Spain's largest, will therefore end its partnership with McLaren although there was no mention of the much-rumoured move to the team from Fernando Alonso.
After first being reported last year, final confirmation and details of the Ferrari-Banco Santander partnership came at Monza on Thursday. The company, owners of British bank Abbey since 2004, will be linked with Ferrari for at least the five seasons between 2010 and 2014, with logos appearing on the cars and driver overalls of the Scuderia.
"We are very happy to have a new partner like Santander, with whom we are beginning a very important and long term collaboration," commented Ferrari President Luca di Montezemolo.
"We share common values, such as striving for excellence, a passion for competition, an international approach and, last but by no means least, the colour red. These values will make this a fruitful partnership, noteworthy around the world."
"I dare say that Santander is today in banking what Ferrari is in Formula One," added Emilio Botín, Chairman of the Spanish group, "an irreplaceable pillar and a symbol of tradition, success and strength. Formula One has turned red-hot."
With Santander having joined McLaren in 2007 (the year of Alonso's arrival at the English outfit) the move by the bank to Ferrari fuels further speculation although no news on a switch from the driver has been released.
Ferrari and Spanish bank Santander confirmed at Monza on Thursday that the two parties will be joining forces for five seasons, starting next year. The bank, Spain's largest, will therefore end its partnership with McLaren although there was no mention of the much-rumoured move to the team from Fernando Alonso.
After first being reported last year, final confirmation and details of the Ferrari-Banco Santander partnership came at Monza on Thursday. The company, owners of British bank Abbey since 2004, will be linked with Ferrari for at least the five seasons between 2010 and 2014, with logos appearing on the cars and driver overalls of the Scuderia.
"We are very happy to have a new partner like Santander, with whom we are beginning a very important and long term collaboration," commented Ferrari President Luca di Montezemolo.
"We share common values, such as striving for excellence, a passion for competition, an international approach and, last but by no means least, the colour red. These values will make this a fruitful partnership, noteworthy around the world."
"I dare say that Santander is today in banking what Ferrari is in Formula One," added Emilio Botín, Chairman of the Spanish group, "an irreplaceable pillar and a symbol of tradition, success and strength. Formula One has turned red-hot."
With Santander having joined McLaren in 2007 (the year of Alonso's arrival at the English outfit) the move by the bank to Ferrari fuels further speculation although no news on a switch from the driver has been released.
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