ING pulls out of Formula One.


By Renault F1
February 16 2009

Statement regarding ING's decision not to renew its sponsorship. The ING Renault F1 Team understands completely ING’s decision not to extend its Formula One sponsorship beyond the 2009 season.

“During the past three years, the Team and ING have enjoyed a rewarding and successful relationship,” commented Renault F1 Team Managing Director, Flavio Briatore. “ING has been an enthusiastic and supportive partner for the Renault F1 Team in all respects,” he continued. “They have been a true success story and have become a brand that is recognised worldwide thanks to an innovative and proactive sponsorship programme with our Team and Formula One.”


“However,” he concluded, “we have been aware for quite some time that the world’s current financial climate was calling for a restructuring of our sport and with FOTA we have moved in that direction. Drastic cost reductions have been on FOTA’s agenda as one of the first priorities and with the ongoing programme of measures we are confident we can guarantee a solid future for our team and for Formula One.”

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ING pulls out of Formula One.
Discussion started by Renault Rockets (IP Logged), 16/02/2009 10:23
Renault Rockets
Renault Rockets
16/02/2009 10:23
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Fisichella
Kristien
16/02/2009 12:08
hmmm lets hope we find another big company then, anther change in colours is on the cards

http://i47.tinypic.com/20873b6.gif

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