How much do Ferrari sponsors pay?
Scuderia Ferrari’s total sponsorship revenue for the 2023 season is over $243. Santander, which is an agreement valued at $60m per year. Banco Santander is a proud contributor to that goal as Scuderia Ferrari’s sponsor. Together with Formula One Management (FOM) we find in technology the best ally for this mission. Achieving a sustainable model based on Net Zero carbon emissions requires innovation.Spanish banking giant Santander and Ferrari will conclude their sponsorship agreement at the end of 2024 as the reported $60 million-a-year deal comes to an end. A three-year contract was agreed in 2021, renewing a partnership that had initially run from 2010 to 2017.Santander announced today a new sponsorship with the Formula 1 team Williams Racing. The bank will become an official partner of the team starting from the 2025 season. This multi-year agreement will complement the overall F1 sponsorship, as Santander will also become the official retail banking partner of F1 in 2025.
What is the cheapest F1 sponsorship?
Expenses for F1 partnerships: entry level Again, if we’re looking at ballpark figures, sponsorship deals in F1 start at $1Mil. For that sum, there’s very little branding on cars. Your logo will show up in the teams’ communication materials and media but other than that, exposure is limited. Drivers also bring in money from high paying sponsorship deals, but you may wonder if F1 drivers make more money than NASCAR drivers. F1 drivers do tend to make more money than NASCAR drivers. The highest salaries in F1 approach $50 million per year, while the highest NASCAR salaries are under $20 million.
Is Santander a big sponsor in F1?
Official partner of Formula 1® Santander is also Official Retail Banking Partner of Formula 1® since the beginning of 2025. This partnership reinforces the bank’s visibility within its main markets, showcasing the Santander and Openbank brands. A primary goal of the deal is to increase Santander’s brand visibility in the US. The Williams Racing Formula 1 (F1) motor racing team has announced a new multi-year partnership with Spanish bank Santander that will begin in 2025.
Who is the most expensive sponsorship in F1?
Scuderia Ferrari HP (Ferrari) leads the pack with its $4. Mercedes-AMG Petronas’ (Mercedes-Benz) $3. Oracle Red Bull Racing (Red Bull) at $3. Rolls-Royce La Rose Noire Droptail. The Rolls-Royce La Rose Noire Droptail is the world’s most expensive car, valued at approximately $30 million (Rs.Rolls-Royce La Rose Noire Droptail | World’s Most Expensive Car | ₹270 Crores | $30 Million. The most expensive car in the world is the Rolls-Royce La Rose Noire Droptail.The current record for world’s most expensive Ferrari was set in June 2018 when a 1963 250 GTO (chassis 4153GT) was sold to David MacNeil in a private sale for $70 million.