It is largely old news that Saudi Aramco, one of the world’s biggest oil and gas companies, has become a tier one sponsorship partner for Formula 1. The largely state-owned oil producer, believed to be the world’s most profitable (not just oil) company’s venture into the sport is the first global sponsorship deal that the Saudi company has dipped its toes into. But what has not been known until now is how much the deal is going to cost the mega-corporation which has investments and clients on a global scale. MotorsportWeek.com now understands that Formula 1 will benefit to the tune of between $42m and $51m per year over the course of the ten year deal. What's more, is that the deal...
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