Mercedes tackle quit rumours after positive sponsor news

Published on 16 Jul 2017 16:52
image

Mercedes have again hit out at rumours it may quit the sport after receiving positive news from sponsors Petronas.

It has been suggested that Mercedes may decide to quit the sport in the coming years if it becomes less financially viable for them to continue, and especially if they lose a competitive edge on the competition.

Mercedes team boss, Toto Wolff, slammed Eddie Jordan for making these suggestions, remaining adamant that major sponsors Petronas and UBS were going to stay beyond the end of next year and brandishing Jordan’s suggestions as “fake news.”

But at Silverstone Mercedes announced that major sponsor, Petronas would be extending their contract with the team, despite the Malaysian outfits home Grand Prix having potentially its last event later this year.

Mercedes announced the deal by saying there would be a “multi-year extension of the title partnership will cement more than a decade of partnership between Mercedes and Petronas Although this (2017) may be our sport's final visit to Sepang for the foreseeable future, Petronas is committed to formula one and to Mercedes for the long term."

Petronas themselves went on to add: "We intend to stay the course, The partnership has given us very positive results for many years and I am pleased to announce the extension of the sponsorship contract with the team."

 

Sam Gale



Replies (1)
SE calle.itw 16 Jul 2017 17:250
Avatar
Posts: 3993
Good for them, Petronas has been in F1 for quite a while now, and I'd hate it if they left.
 

AZ
        Azerbaijan Grand Prix
Local time
Sunday Weather image
Race
14:10 - 16:10
 
 
Fastest lap
14:10 - 16:10
 
 
Saturday Weather image
Free practice 3
12:00 - 13:00
 
 
Qualifying
15:00 - 16:00
 
 
Friday Weather image
Free practice 1
11:00 - 12:30
 
 
Free practice 2
15:00 - 16:30
 
 
 
Give your opinion!
Should the pit-lane be closed during a virtual safety car?





Track Baku City Circuit
 
Track Baku City Circuit
Location AZ Baku, Azerbaijan
Website Website
 
Team profile
Name DE Mercedes
Founding date Jan 1 1930
281,202 comments on Mercedes
34 members have this team as their favourite
Website http://www.mercedesamgf1.com
Location Stuttgart
Tweets about Mercedes
Formula 1 Calendar
Previous Grand Prix: 15 April 2018
CN Grand Prix of China Grand Prix of China
Next Grand Prix: 29 April 2018
AZ Azerbaijan Grand Prix Azerbaijan Grand Prix