News Details
Ferrari faces $55 million hole after loss of sponsors
Article To news overview © XPBimages Ferrari and crypto company Velas will not continue their partnership after an acrimonious first year, RacingNews365 has learned. The blockchain brand has been removed from Ferrari’s partner list, as has the logo of chip semi-conductor company Snapdragon. Both were ranked as premium sponsors of the Scuderia. Ferrari announced a long-term deal with crypto company Velas in late 2021, with branding appearing on cars and driver suits. However, a source close to both companies has indicated that Ferrari did not comply with clauses that permit Velas to create NFT images, while the latter is said to be in financial breach. According to the source legal...
Full Story »
Full Story »
2y ago from RacingNews365.com
0
You May Also Be Interested In...
Ferrari CEO to play major role in running F1 team...
It appears that another face might be seen in the Ferrari garage more...
2y ago from Formula1News.co.uk
McLaren boss reveals 2023 Ferrari rumour
New McLaren team principal Andrea Stella has tipped Ferrari to have a...
2y ago from Formula1News.co.uk
‘Emperor package': Jaw-dropping $5 million Las...
The 2023 Las Vegas Grand Prix has already reached a new level of madness,...
2y ago from Formula1News.co.uk
Ferrari won't ‘come out of' Mattia Binotto's...
When Mattia Binotto announced his resignation from his role as team...
2y ago from Formula1News.co.uk
Elsewhere On The Network
Popular On MGPToday.com
Attritional German GP matches record for fewest...
No description available...
9h ago from Motorsport.com
Marc Márquez wins crash-filled German MotoGP as just...
t;li>Márquez holds off brother Alex to extend title leadFrancesco...
11h ago from TheGuardian.com
MotoGP German GP: Marc Marquez dominates for victory...
No description available...
12h ago from Motorsport.com
Fabio Quartararo admits 'tensions' within Yamaha over...
No description available...
15h ago from Motorsport.com
Popular On IndyCarToday.com
Alex Palou wins a strategic IndyCar Iowa Speedway Farm...
No description available...
2h ago from Motorsport.com
Winners and Losers from IndyCar’s 2025 Iowa Speedway...
No description available...
2h ago from Motorsport.com
IndyCar Iowa – Race 2 Results
The second race of IndyCar’s double-header took place on Sunday...
4h ago from MotorsportWeek.c...
Palou returns to the top with Iowa Speedway victory
The second IndyCar race in as many days took place at Iowa Speedway on...
5h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Ty Dillon’s last lap gamble bumps Alex Bowman from...
No description available...
54m ago from Motorsport.com
Shane van Gisbergen extends winning streak with an...
No description available...
1h ago from Motorsport.com
Winners and Losers from IndyCar’s 2025 Iowa Speedway...
No description available...
2h ago from Motorsport.com
Chase Briscoe compares 'unbelievable' SVG to Michael...
No description available...
34m ago from Motorsport.com
Popular On GunnersToday.com
Arsenal agree 63.5m Viktor Gyökeres deal with...
t;li>Total cost of deal likely to be close to 80mMadueke close to...
4h ago from TheGuardian.com
Fabrizio Romano: Arsenal set to sign 70m striker + a...
Arsenal are closing in on a blockbuster double swoop, with transfer guru...
6h ago from FreshArsenal.com
Arsenal close to completing long-awaited transfer...
Arsenal have long desired the signing of a prolific striker, and in the...
7h ago from CaughtOffside.com
Arsenal take step closer to signing £68m Premier...
Arsenal are making moves in the summer transfer window, and with deals for...
5h ago from CaughtOffside.com
Comments
Hottest News
Geri Horner faces spiralling debt amid Christian Horner Red...
Geri Halliwell-Horner is facing a financial blow... Read More »
10h ago from GPFans.com
Christian Horner backed for stronger F1 RETURN after Toto...
Recently sacked F1 boss Christian Horner has been... Read More »
6h ago from GPFans.com
Red Bull F1 chiefs have 'given up' Max Verstappen fight
Max Verstappen's F1 future remains uncertain, but... Read More »
6h ago from GPFans.com
