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Ferrari breaks ties with sponsor Velas
After Red Bull Racing and Mercedes, Ferrari has also cut ties with a crypto company. Velas will not feature on the Italian racing stable's bolides this year. Article continues under ad By 2022, almost every team had a crypto sponsor, with the exception of Haas and Williams. McLaren even had two. So crypto companies could not be turned away as sponsors on F1 cars. Read more Sainz cryptic about Ferrari chances: 'Tests are not far away' Deals scrapped When the crypto world was shaken by the company FTX, it was Mercedes that was the first to have its sponsorship removed from the cars. Not long after, Red Bull followed suit by scrapping its deal with Tezos. The other partnership Red Bull Racing...
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