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
Jorge Martin set to return at Czech MotoGP weekend...
Reigning MotoGP champion Jorge Martin is set to return to action at the...
21h ago from MotorsportWeek.c...
Maverick Vinales: ‘It was a big mistake’ to reject...
Maverick Vinales admitted it was a “big mistake” to reject offers...
1d ago from MotorsportWeek.c...
Lorenzo lands front row Start for Indianapolis GP
No description available...
1d ago from Motorsport.com
Marquez and Pedrosa complete perfect 1-2 in qualifying...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Pietro Fittipaldi is fueled by 5-Hour Energy and lots...
No description available...
1d ago from Motorsport.com
How Scott Dixon pulled off another fuel-saving...
No description available...
2d ago from Motorsport.com
Scott Dixon bet on two stop strategy after he saw...
Scott Dixon took victory in Sunday’s IndyCar race from Mid-Ohio,...
3d ago from MotorsportWeek.c...
IndyCar Mid-Ohio – Race Results
IndyCar visited Mid-Ohio over the weekend for Honda’s home event and a...
4d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Saudi’s first female racer welcomes a new future for...
No description available...
1d ago from Motorsport.com
F1 celebrates historic milestone with big events and...
No description available...
1d ago from Motorsport.com
Why Abu Dhabi is launching an ambitious new autonomous...
No description available...
1d ago from Motorsport.com
Wickens proves he’s ready for his new challenge
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
'About to go to a new level' – Despite Arsenal...
You'll likely have seen by now that Arsenal are closing in on Noni...
36m ago from CaughtOffside.com
Fabrizio Romano confirms 'green light' for Arsenal to...
Fabrizio Romano has confirmed that Noni Madueke to Arsenal is now 'here we...
1h ago from CaughtOffside.com
“They keep describing this as a welcome to the...
Christian Norgaard has revealed that Arsenal captain Martin Odegaard and...
36m ago from SportsKeeda.com
Christian Norgaard signs, Madueke fee agreed +...
Morning, it's a busy Friday and a very warm Friday here in Dublin. There...
27m ago from Arseblog.com
Comments
Hottest News
Reason for Christian Horner's Red Bull sacking 'revealed'
More light has been shed on the reasons behind... Read More »
12h ago from GPFans.com
F1 News Today: Verstappen Red Bull era ENDS as rivals...
Red Bull chief advisor Helmut Marko has declared... Read More »
1h ago from GPFans.com
Honda reacts to Christian Horner exit after successful Red...
Honda has expressed its gratitude to Christian... Read More »
17m ago from MotorsportWeek.com
