Niki Lauda

Niki Lauda has called time on his sponsorship deal with the (apparently) financially troubled Money Services Group, which is also a minor sponsor of the Sauber team.

The Liechtenstein-based company had also been successful in convincing the three-time World Champion to ditch his trademark red cap for a dark blue one bearing their logo.

But recent reports have suggested that MSG is apparently in financial strife, with its founder and CEO departing amidst suggestions that the company was liquidated.

There are other reports suggesting that MSG is being investigated for fraud by the tax haven’s government prosecutors.

The Austrian Independent reports that Lauda has reverted to a logo-less red cap, and it would be expected that the former driver-turned-airline-magnate will be on the hunt for a new label to be borne on his hat.

“I’m glad about wearing a red cap again due to the turbulences of the past few days,” Lauda told the newspaper, adding that his attempts to contact the CEO had been unsuccessful.

[Image via PlanetF1]

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Richard Bailey

Founder & Chief Editor at MotorsportM8
Hasn't missed a Grand Prix since 1989. Has a soft spot for Minardi. Tattooed with 35+ Grand Prix circuits.