Australian GP hit by sponsor withdrawals

Posted on | Author Keith Collantine

Several major F1 sponsors have cut their spending on the opening round of the season in Australia, facing its promoters with the prospect of losing significant amounts of money. According to the Herald Sun BMW has axed its ??450,000 (??507,000) corporate hospitality budget for the race, joining Foster’s in cutting its spending on the race. … Continue reading Australian GP hit by sponsor withdrawals