Is Santander still with Ferrari?
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. 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.Context: Details around the partnership are scarce so far, but it comes days after Ferrari confirmed their partnership with Santander would end on 31st December. The Spanish banking group signed a three-year deal with the Italian motorsport outfit in December 2021, reportedly worth US$60 million annually.OFFICIAL | Ferrari and Santander end their partnership at the end of the 2024 season: ❌ – Who knows if and how much the departure of Carlos Sainz has influenced it. Below is the official press release from the Prancing Horse.
When did Santander leave Ferrari?
Ferrari and Santander to end partnership after 2024. Ferrari CEO Benedetto Vigna On Innovation, Heritage, And The Road Ahead.
How much does Santander pay Ferrari?
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. Banco Santander (SAN SM) is a leading commercial bank, founded in 1857 and headquartered in Spain and one of the largest banks in the world by market capitalization.Banco Santander, S. A net worth as of January 04, 2026 is $179. B. Interactive chart of historical net worth (market cap) for Banco Santander, S. A (SAN) over the last 10 years.
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. 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.
Which is richer, Ferrari or Lamborghini?
Generally speaking, a Ferrari is usually more affordable than a Lamborghini. Also, Ferrari models tend to become collector’s items, making them a better investment in the long term. Ferrari replica you could buy straight from Pontiac right up until Ferrari sued them. This is a nineteen eighty-eight Pontiac Fiero but it looks like a Ferrari. That’s not all that rare because a lot of people use the Fiero to create replica Ferraris and Lamborghinis throughout the 1980s and into the nineties.Ferrari is one of the most prestigious and exclusive car manufacturers in the world. But owning a Ferrari isn’t as simple as buying one and driving away. The company has strict rules regarding resale, modifications, and ownership behavior, which can sometimes lead to legal action against owners who violate them.
Which sponsor left Ferrari?
While Santander opted to leave Ferrari, the Spanish bank will become an official partner of F1 itself from next season. As Grands Prix get bigger in scale and out-and-out popularity, so do the opportunities to activate partnerships in new locations. Santander distinguished the wood from the trees and seemingly focused its efforts on pitching to F1 rather than renewing its deal with Ferrari for this reason.