Santander confirm end of Ferrari Formula 1 sponsorship

Spanish-based financial giant Banco Santander has announced it will end its agreement with Ferrari after eight seasons, as well as its association with motorsport Formula 1.

Previous agreements included taking the title sponsorship of several races over the years, including the British Grand Prix from 2007 to 2014, and the Spanish GP from 2011 to 2013.

The company’s relationship with Ferrari began in 2010.

In a statement, Santander said that it “will conclude its successful sponsorship of the Formula 1 racing team, Scuderia Ferrari, which it has supported for the last eight seasons.

“The bank will also conclude its corporate sponsorship agreements with F1, which have helped increase Santander’s brand recognition around the world over the last 11 years.”