Is Santander a Ferrari sponsor?
Santander Share 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. Ferrari loses Santander but recovers UniCredit. The Italian team has just announced during the home weekend the acquisition of a new partner in the form of UniCredit.Maranello, August 30, 2024 – Ferrari N. V. NYSE/ EXM: RACE) (‘Ferrari’ or the ‘Company’) announces the termination of the partnership between Ferrari S. A. Santander, effective as of December 31st, of 2024 since the committed three-year contract will end.Ferrari reunited with Santander courtesy of a three-year deal signed in December 2021 reportedly worth US$60 million annually. The Spanish banking group was previously a sponsor of the Italian motorsport outfit from 2010 to 2017, before embarking on a new partnership with European soccer’s Uefa Champions League.
Why did Santander leave Ferrari?
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. Santander notably houses the headquarters of multinational bank Banco Santander, which was founded there. The city has a mild climate typical of the Spanish northern coastline with frequent rainfall and stable temperatures.Santander Bank, N. A. American bank operating as a wholly owned subsidiary of the Spanish Santander Group. It is based in Boston and its principal market is the northeastern United States.
Who owns the $70 million Ferrari?
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. According to data analysed by the digital platform Sportico, Ferrari tops the list with an estimated valuation of 4. Mercedes (3. Red Bull Racing (3.More than 90% of all Ferraris ever produced are still on the road and working. Ferrari has produced more than 300,000 vehicles since 1947, and an astonishing majority remain in working condition.United States still ahead. The United States remains Ferrari’s flagship market. In 2024, the brand sold 3,527 units, representing an increase of 12.
How much money does Santander give Ferrari?
The deal began in 2021 as Spanish bank now targets new partners with Williams touted as a possible destination. 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. Ferrari has announced that UniCredit will replace Santander as its partner, following the end of its agreement with the Spanish bank. The multi-year partnership with UniCredit is set to start in 2025, after Ferrari’s current deal with Santander concludes on December 31, ending a three-year collaboration.