October 31, 2009

SPONSORSHIP BOOST FOR RENAULT

Renault has secured its first new sponsor since the race-fixing scandal erupted earlier this year, after reaching a deal with Dutch watchmaker TW Steel.

In the wake of the ‘Crashgate’ affair in September title sponsor ING and Spanish insurer Mutua Madrilena terminated their contracts with the Anglo-French squad, forcing it to remove all branding from its cars ahead of the Singapore Grand Prix.
The team announced on Wednesday that it had signed a three-year deal with TW Steel, which will become its official timing partner.

The logos of the watch brand will appear on the nose cone, front wing flaps and sidepods of the R29 from this weekend’s race in Abu Dhabi, and on the team's timing monitors and uniform from next year.

Renault’s managing director Jean-François Caubet said: “The partnership brings great value for both the Renault F1 Team and TW Steel and confirms the team’s positive outlook for the years ahead.”
Itv f1

No comments: