Fosters end F1 deals.
Foster's have announced that they will cease their sponsorship of F𒁃1 at the end of this yea൩r.
The news is blow for the British Grand Prix, which is backed by the Australian lager cꦍompany,♊ as well as the Australian and San Marino Grand's Prix, which also enjoy backing from the company.
Foster's have announced that they will 🔥cease their sponsorship of🅺 F1 at the end of this year.
The news is blow for the British Grand Prix, which is back⭕ed by the Australian lager company, as well as the Australian and San Marino Grand's Prix, which also enjoy backing from the company.
"As part of a programme to significantly reduce overheads within the Foster's Brewing International business, Foster's Group will not be renewing its sponsors💎hip of Formu꧒la One at the end of the current season when its contractual obligations expire," confirmed FGL managing director, Richard Scully.
"While the Foster's Group will continue to co-ordinate global marketing initia𝕴tives, decisions about sponsorship will rightly rest with our co-brand owners and regional partners."
The wit🔴hdrawal of Foster's from F1 follows the sale of the brand to British brewing and distrib𝓰ution partner, Scottish and Newcastle.
Foster's have been in♒volved in F1 for around 20 years.
