Spanish banking and insurance giant Santander looks set to end its sponsorship deal with McLaren once its “transition” to Ferrari finishes at the end of the season.
The company has continued its sponsorship deal with McLaren – albeit in a lower-key form – despite signing with Ferrari as one of the Italian team’s major sponsors at the start of the season.
“We have had a transition with McLaren and who knows if in the future we will keep on having a relationship with them and their drivers,” spokesman Juan Manuel Cendoya was quoted in the Spanish press.
It was rumoured that Santander – who joined McLaren in 2007 in the lead-up to Fernando Alonso’s ill-fated season at the squad – was instrumental in brokering the deal that saw the double World Champion sign with Ferrari at the end of the 2009 season.
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