Deutsche Telekom ends McLaren sponsorship
Deutsche Telekom has revealed that they will scale back their sponsorship activity, including the immediate discontinuation of their McLaren sponsorship. The poor economy has forced Europe's largest telecommunications company to also drop their sponsorship of Germany's national soccer team; the moves are to save an estimated $10m a year.
And also this:
Link
West and McLaren
The current sponsorship deal between McLaren and West has been going on since the German tobacco company joined the team in 1996 after the departure of Marlboro to Ferrari. The initial West McLaren deal was for five years between 1997 and 2001 but this was later extended although it is not entirely clear when the current deal ends. Our sources say it is at the end of 2003.
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We are hearing that from Britain that Imperial Tobacco may not wish to extend the West deal after the end of next year.
This seems a bit worrying for McL's budget. I know Ron has stated that they are set for next season, and mostly for the couple of seasons after that etc., but it still seems like McL will go through a sponsorship restructuring. Oh well, might as well do it now, would have to do it in 2006 at the latest anyway when tobacco sponsors are out of F1. :