News Details
Mercedes suspend FTX partnership
The Mercedes Formula 1 team said on Friday they had suspended a partnership agreement with troubled cryptocurrency exchange FTX ahead of the season's penultimate race in Brazil. FTX, one of the world's largest crypto exchanges, is scrambling to raise billions in funds to stave off collapse while regulators have stepped in. Mercedes signed a sponsorship deal with FTX in September, 2021 when they were the reigning champions. 'As a first step, we have suspended our partnership agreement with FTX,' a team spokesman said. 'This means the company will no longer appear on our race car and other branded assets from this weekend. We will continue to monitor closely the situation as it evolves.' The...
Full Story »
Full Story »
1y ago from GrandPrix247.com
0
You May Also Be Interested In...
Mercedes monitoring situation at bankruptcy-facing FTX
The Mercedes Formula 1 team said on Thursday they were keeping the...
1y ago from GrandPrix247.com
Mercedes retaining FTX logos on W13 amid crypto...
The Mercedes F1 team has retained the presence on its cars in Brazil of...
1y ago from F1i.com
Mercedes removes sponsor FTX from car
Mercedes has severed its sponsorship deal with crypto exchange FTX as the...
1y ago from GPBlog.com
Guenther Steiner hails ‘master' Max Verstappen,...
There is no doubt in the mind of Haas team principal Guenther Steiner...
1y ago from Formula1News.co.uk
Elsewhere On The Network
Popular On MGPToday.com
Marquez ‘completely exhausted' when he caught...
Marc Marquez was left feeling 'completely exhausted' by the time he caught...
6h ago from MotorsportWeek.c...
Marquez ¡still missing something’ to fight for 2024...
No description available...
6h ago from Motorsport.com
Marquez ‘got the better of me' at Le Mans, says...
Reigning MotoGP World Champion Francesco Bagnaia admitted he was missing a...
9h ago from MotorsportWeek.c...
Martin has nothing left to prove to Ducati after Le...
Jorge Martin boldly claimed 'I don't think I have anything to demonstrate'...
8h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Juncos reveals special ‘Phoenix’ and ‘Titan’...
Juncos Hollinger Racing has revealed special ‘Phoenix’ and ‘Titan’...
1h ago from MotorsportWeek.c...
Juncos Hollinger Racing reveals special liveries for...
No description available...
4h ago from Motorsport.com
Newgarden up for $440k jackpot from BorgWarner for...
No description available...
8h ago from Motorsport.com
Ilott gets Indy 500 start with Arrow McLaren IndyCar...
No description available...
6h ago from Motorsport.com
Popular On TotalWRC.com
Tanak not far from “being in the fight” after...
No description available...
5h ago from Motorsport.com
Neuville stunned by almost “impossible” result in...
No description available...
1d ago from Motorsport.com
Ogier: Surpassing Markku Alen’s WRC Portugal record...
No description available...
1d ago from Motorsport.com
Sebastian Ogier sets another new record with his 6th...
Sebastian Ogier and Vincent Landais reeled off the remaining four stages...
1d ago from MotorsportWeek.c...
Popular On GunnersToday.com
“He needs a bit of help” - Peter Schmeichel makes...
No description available...
56m ago from SportsKeeda.com
Arsenal Transfer News Roundup: Gunners eyeing Sporting...
No description available...
16m ago from SportsKeeda.com
“He’s like dynamite on the pitch” - Emmanuel...
No description available...
3h ago from SportsKeeda.com
“He picked the pockets” - Ian Wright salutes...
No description available...
3h ago from SportsKeeda.com
Comments
Hottest News
Norris fires cheeky comment at boss' blunder
Lando Norris has been caught making a cheeky... Read More »
26m ago from GPFans.com
Ferrari raids Mercedes to secure two new major signings
After signing Lewis Hamilton earlier this year,... Read More »
8h ago from RacingNews365.com
F1 boss provides reason for Ricciardo REPLACEMENT
Daniel Ricciardo's former boss Zak Brown has... Read More »
1h ago from GPFans.com
