Sauber has split with sponsor Money Service Group

Just a day after the team offered a terse “No comment” to questions over the state of one of its minor sponsors, Liechtenstein-based Money Service Group, the Swiss team has confirmed it has parted ways with the company.

A media statement confirmed that both parties had split “in the light of recent developments”, a reference no doubt to allegations that MSG founder Michael Seidl was arrested on suspicion of commercial fraud.

Just days before, Niki Lauda confirmed he had parted ways with MSG (who were his cap sponsor), and that he would commence legal action against them.

“The MSG logos which have been appearing on the team gear, pit partition walls, backdrops and press stationery will be removed immediately after the Hungarian grand prix in Budapest,” the Sauber statement read.

[Image via LAT]

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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.