Formula 1 News

Mutua Madrilena and ING terminate Renault F1 sponsorship 

Following the race-fix scandal two major sponsors of the French outfit – ING and Mutua Madrilena – have announced the end of their sponsorship deal with immediate effect.

“The behaviour of relevant people in the team was of extraordinary seriousness and it compromised not only the integrity of the sport, but also put in danger the lives of spectators, drivers and circuit personnel, which is something that can affect the image, reputation and good name of the team’s sponsors,” read the statement from Mutua Madrilena.

“ING announced today that in light of the verdict of the World Motor Sport Council of 21 September 2009 concerning the events that occurred at the 2008 Singapore Grand Prix, ING will terminate the contract with Renault Formula 1 with immediate effect,” said the ING statement. “ING is deeply disappointed at this turn of events, especially in the context of an otherwise successful sponsorship. As announced on 16 February of this year, ING decided not to renew the three year sponsorship (2007-2009) contract with Renault F1 and to end its presence in Formula 1 after the 2009 season.”