Connect with us

2019 F1

McLaren set to lose Petrobras backing

Published

on

McLaren looks set to lose a major sponsor.

The Brazilian state run oil company Petrobras signed a five-year, $200 million deal with the Woking based team last year.

But a new Brazilian president, Jair Bolsonaro, was sworn in this year, and he has announced that the McLaren-Petrobras collaboration will end.

“At the moment, by decision of my government, Petrobras seeks a way to terminate the contract,” Bolsonaro said.

Globo reports that a government envoy was at McLaren’s UK headquarters last week to negotiate the termination.

It is bad news all round for McLaren, with Fernando Alonso failing to qualify for the Indianapolis 500 over the weekend in the new McLaren entry.

McLaren boss Zak Brown said: “Our contract with Fernando goes beyond the Indianapolis 500.”

Brown said he is confident the famous F1 team will eventually return to the top step of the podium.

“As a team we are doing much better than before. I think we will win again in a window of two to ten years,” he said.

But at approaching the age of 38, Alonso is unlikely to be at the wheel for that.

Sky Italia quoted an unnamed insider who said the Spaniard wanted to switch to a faster team rather than quit F1 at the end of last year.

“He offered himself for free,” the insider is quoted as saying.

Loading...

Comments

Latest Results

Latest F1 News

2019 F17 hours ago

Wolff doesn’t want son to be racing driver

Toto Wolff says he would prefer if his son says no to a future in Formula 1. Two years ago,...

2019 F17 hours ago

Verstappen asking Honda for more power

Max Verstappen has called on Honda to keep on bringing more powerful engines to the grand prix circuits. Red Bull’s...

2019 F17 hours ago

Haas may need to focus on 2020 car – Steiner

Gunther Steiner says Haas will need to switch its full focus to designing a new car for 2020 if it...

2019 F17 hours ago

‘A faster man won’ – Bottas

Lewis Hamilton on Sunday said it is not his fault if this year’s world championship is boring. At Paul Ricard,...

2019 F17 hours ago

Michael Schumacher is still very private – Todt

Jean Todt insists the health condition of F1 legend Michael Schumacher is still “very private”. Schumacher, now 50, has not...

2019 F13 days ago

Bottas has no doubt he can beat Hamilton

Valtteri Bottas says he has “no doubt” he can still challenge Lewis Hamilton for the 2019 title. Hamilton, who leads...

2019 F13 days ago

Verstappen denies F1 easier than karting

Max Verstappen has hit back at claims about how easy driving a modern Formula 1 car is. Recently, Lewis Hamilton...

2019 F13 days ago

FIA to hear Vettel penalty review on Friday

The FIA will hear Ferrari’s stewards ‘review’ on Friday. Two weeks after the controversial decision that cost Sebastian Vettel victory...

2019 F14 days ago

Struggling Giovinazzi will never give up

Antonio Giovinazzi has vowed to “never give up” in his quest to improve and succeed in Formula 1. The Italian...

2019 F14 days ago

Vettel time penalty review on standby

Ferrari’s stewards review of the Canada GP time penalty is “on standby”. That is the news from Daniele Sparisci, the...

Most Popular

ThisisF1.com is not affiliated with Formula 1, Formula One Management, Formula One Administration, Formula One Licensing BV, Formula One World Championship Ltd or any other organization or entity associated with the official Formula One governing organizations or their shareholders. Copyrighted material used under Fair Use/Fair Comment.

References
We could use the following leading F1 news sources for stories: SkyF1, BBC F1, Autosport, ESPN F1, FIA Media Center, MotorSport, JamesAllen and others leading authors blog.

All Rights Reserved © 2017 Prime Sport Media