You are logged in. Benefit directly from all the benefits of your account:
Become part of the largest racing community in the United Kingdom. Create your free account now!
One of the Mercedes Formula 1 team's major sponsors has filed for bankruptcy after a tumultuous week.
A key sponsor of the Mercedes Formula 1 team, FTX, has filed for bankruptcy, hours after the team suspended its deal with the cryptocurrency business.
FTX is facing an investigation by American authorities after allegedly misusing customer deposits.
The firm was plunged into crisis over the past week with a proposed to deal to be rescued by Binance, who sponsor Alpine, falling through.
The cryptocurrency exchange company has prominent branding on the Mercedes W13 and driver race suits, but the eight-time Constructors’ Champions have removed all FTX logos ahead of the Brazilian Grand Prix weekend.
The absence of the logo on the rear wing can be seen in the image above, with Mercedes making the decision prior to any running.
It is not just in F1 that FTX has a presence, with a lucrative deal in place with Miami Heat of the NBA for naming rights to their home stadium, as well as enjoying one with the Major Baseball League.
It will be the third and final Formula 1 sprint race of the season in Brazil. We’ve put together a handy refresher to explain how the weekend differs slightly from the usual format.
You are logged in. Benefit directly from all the benefits of your account:
Become part of the largest racing community in the United Kingdom. Create your free account now!
Sign up for the daily digest and/or weekly newsletter and we'll make sure that you are fully up to date with the latest news from the Formula 1 world!
Find the latest F1 news and news from other motorsport series at RacingNews365.com, the world’s leading independent F1 website providing daily F1 coverage.
Stay up to date with top drivers including World Champions Lewis Hamilton, Max Verstappen, Sebastian Vettel and Fernando Alonso, established stars Daniel Ricciardo and Sergio Perez, and youngsters Lando Norris, George Russell and Charles Leclerc.
Check out the 2022 F1 calendar for an overview of all the races, with extensive background and real-time information.
Follow RacingNews365 on your favorite social media channels!
En lees het laatste F1 nieuws in het Nederlands!
Hello there, just became alert to your blog through Google, and found that it is really informative. I’m gonna watch out for brussels. I will appreciate if you continue this in future. Numerous people will be benefited from your writing. Cheers!