In just one week, Renault has lost two of its sponsors. One is Dutch-based ING and the other is Spanish insurance company Mutua Madrilena. ING is no surprise really as even before the crashgate scandal they’ve announced that it would not be renewing its sponsorship contract with the company after this year’s race season, but now they’ve decided to withdraw its sponsorship with immediate effect.
”ING is deeply disappointed at this turn of events, especially in the context of an otherwise successful sponsorship. As announced on 16 February of this year, ING decided not to renew the three year sponsorship (2007-2009) contract with Renault F1 and to end its presence in Formula 1 after the 2009 season,” said ING’s press statement.
Mutua Madrilena’s statement said its withdrawal was because “the behaviour of relevant people in the team was of extraordinary seriousness and it compromised not only the integrity of the sport, but also put in danger the lives of spectators, drivers and circuit personnel, which is something that can affect the image, reputation and good name of the team’s sponsor.” The Spanish insurance company will however continue to sponsor fellow countryman Fernando Alonso, who drives for Renault.
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Even sponsorship is fading away from the F1, and the TV broadcast sure dropped world wide. Our Msia wonder still throw money into this. Pull out!
Renault is screwed big time…………
shoryuken said,
September 25, 2009 @ 6:44 pm
Even sponsorship is fading away from the F1, and the TV broadcast sure dropped world wide. Our Msia wonder still throw money into this. Pull out!
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Nothing fundamentally wrong with F1. ING's a financial company. They've been burned by the financial crisis. Other sponsors are still sticking with F1, so we shouldn't take ING's pull out as something to be worried about, unless you're a Renault F1 team member.
the sponsor pull out is usual, else throw money for nothing.
gudluck for 1MF1 team..
agree with shoryuken said, i hav never seen others country goverment join the F1 before. we r more prefer to see those top class professional team (Mclaren, Prodrive etc.) joined & not the G.bcoz no point & burnt rakyat money!
BRIATORE MIGHT LOSE QPR OWNERSHIP TOO
Sooner or later, Renault will have a car with no sponsors on it. ING has no more money to sponsor people. This is just a chance they were looking to quit with immediate effect.
Speculation, slander and calumny i say.
Typical asians, thinking every movement is a shadow of something bigger.
slow car.
slow car.
of course no one will sponsor.
then how about the 1Malaysia F1 team?
are the Malaysians going to end up sponsoring everything ?
Just wait for 1MF1….when the oil of price expected to increase by next year….if touch USD100 pbarrel again….sure burn…
mystvearn said,
September 26, 2009 @ 3:09 am
Sooner or later, Renault will have a car with no sponsors on it. ING has no more money to sponsor people. This is just a chance they were looking to quit with immediate effect.
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agreed… anyway, off the topic, how come Piquet didn't get any punishment? he play a big role in it… it was like, i kill somebody after being ordered by my Boss, shut my mouth for some time, then a year later when my Boss fired me coz i didn't perform, open my mouth to the police & said 'look.. i tell u everything if u promise not to do anything to me'.. & surprisingly, the police agree… & my Boss get the jail term… & i'm still a free man.. hmm… sound ridiculous… it just not right… owh well… stupid piquet, he's slow anyway & should not even get a drive in the 1st place…