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Ferrari Poised to Seal Game-Changing $100 Million Sponsorship Deal
Ferrari is reportedly on the brink of securing a substantial sponsorship deal with Hewlett Packard (HP), according to a SportBusiness report. This partnership is expected to rival the financial magnitude of the current agreement between Oracle and Red Bull, indicating a significant collaboration in the world of Formula 1. The announcement of this deal is anticipated to occur in Miami, aligning with a key Formula 1 race weekend. Sources suggest the contract could be valued between $90 million to $100 million annually. However, the arrangement extends beyond just financial terms, as it likely includes a technological partnership similar to that between Oracle and Red Bull. READ: Lando Norris...
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1mo ago from Formula1News.co.uk
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