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Vodafone confirms McLaren exit after seven years
March 14th .- McLaren's title sponsor Vodafone has decided to pull out of formula one. This will put an end to a seven-year title sponsorship at the end of 2013. It emerged mid last year that the lucrative deal could be in doubt beyond 2013, with the Financial Times reporting that the British telecommunications giant was "reviewing" its major sponsorships. The same newspaper, citing a company spokesman, said Vodafone has indeed decided to end the estimated $75 million per year McLaren deal. Amid the speculation last year, McLaren decided to replace the Mercedes-bound Lewis Hamilton with Sergio Perez, a Mexican who entered F1 in 2010 with the lucrative backing of the billionaire...
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