Barely announced his departure from Ferrari, Santander becomes a banking partner of F1
After the announcement of the end of the sponsorship contract between Ferrari and Santander, Formula 1 announced that the Spanish bank will become the official partner of the competition starting from the 2025 season.
Santander will continue to be present on the Formula 1 circuits next season. The Spanish bank will be the official banking partner of the competition, as announced in a statement by F1. Ferrari and Santander had announced the end of their sponsorship contract this weekend in Monza, partly due to the departure of the Spaniard Carlos Sainz to Williams.
« I am delighted that Santander, an incredible global brand, is becoming an official partner of Formula 1,” announced Stefano Domenicali, CEO of Formula 1, in the statement. « Santander is proud of its history in our sport and they know that we can offer them a great platform to showcase their story to customers worldwide. (The release does not indicate the duration of the contract between the two parties, but it mentions a multi-year agreement).
Santander are an Official Partner of @F1 for the 2025 season
Here’s to a future of speed, innovation, and success with Banco Santander and Formula 1#F1 #Santander pic.twitter.com/cpvJ1nWIU0
— Formula Santander (@SantanderGP) September 4, 2024
Santander has been visible for many years on the various circuits due to its contract with the Scuderia. In collaboration with the Italian team between 2010 and 2017, she had joint it again at the start of the 2022 season.
