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
Fabio Quartararo rates his 2025 MotoGP campaign 5/10
No description available...
17h ago from Motorsport.com
MotoGP exploring options to return to China after...
MotoGP series promoter Dorna is reportedly considering a return to China...
23h ago from MotorsportWeek.c...
Why KTM would be wise to prepare for a future without...
No description available...
1d ago from Motorsport.com
Jorge Lorenzo shares his ‘theory' on the cause...
Five-time MotoGP champion Jorge Lorenzo believes that multiple factors...
5d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
JHR retains Sting Ray Robb for second season
Juncos Hollinger Racing has confirmed that Sting Ray Robb will remain...
14h ago from MotorsportWeek.c...
Sting Ray Robb to continue with Juncos Racing for 2026...
No description available...
17h ago from Motorsport.com
Aggressive testing schedule planned ahead of Mick...
Following confirmation Mick Schumacher will make a switch to IndyCar next...
1w ago from MotorsportWeek.c...
Mick Schumacher joins RLL in IndyCar switch
Rahal Letterman Lanigan Racing has announced that Mick Schumacher will...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
Why WRC drivers thought Rally Saudi Arabia was too...
No description available...
1d ago from Motorsport.com
Sebastien Ogier on matching Sebastien Loeb’s record...
No description available...
3d ago from Motorsport.com
Ott Tanak looking forward to break from full-time...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Sources: Tottenham, Newcastle & Aston Villa...
Tottenham, Newcastle United and Aston Villa are all understood to be very...
35m ago from CaughtOffside.com
Surprise Manchester City stat will have Arsenal fans...
A surprise stat has emerged showing that Manchester City's new goalkeeper...
1h ago from CaughtOffside.com
Mikel Arteta names Arsenal star who is taking club to...
Arsenal manager Mikel Arteta has hailed David Raya, saying that the...
2h ago from SportsKeeda.com
Rotation needed and height required as Brentford visit
Morning. It's Brentford at home tonight as the games keep coming. Mikel...
2h ago from Arseblog.com
Comments
Hottest News
Alpine reveals 2026 F1 launch date plans for post-Renault...
Alpine has become the latest team to confirm the... Read More »
35m ago from MotorsportWeek.com
McLaren bosses ‘most clueless in F1' – Uhl
Dec.3 Two prominent paddock voices have... Read More »
2h ago from OneStopStrategy.com
Oscar Piastri set for critical Abu Dhabi disadvantage as...
Oscar Piastri has no choice but to sit out Free... Read More »
55m ago from RacingNews365.com
