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McLaren set to lose fuel supplier and sponsor Petrobras
The McLaren F1 team could be set to lose a major sponsor and supplier, after Brazilian president Jair M Bolsonaro announced his government were seeking a way out of the current deal. Petrobras signed a deal to become McLaren's official fuel and lubricant supplier in 2018 in a deal worth £150 million over five years (£30m a year), according to Bolsonaro, although it's actually believed McLaren receives less than half that amount, with the remainder going on research and development within Petrobas. 'In 2018, Petrobras signed an advertising contract of R$782 million with McLaren, valid for 5 years. At the moment, the company, by decision of my government, seeks...
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5y ago from MotorsportWeek.com
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