• New Sponsor for Ferrari


Ferrari closed an agreement with Mubadala Development Company, an investment company, to be the sponsor of the F1 Team for the next three years; the company will place the logo on the helmets and on the cars.

The Mubadala Development Company already bought 5% of the shares of Ferrari on July of 2005, and now the agreement has became official for this 3 year contract, that started the past 1st January.

Ferrari is pleased with this agreement, Jean Todt, said: "we are very pleased of reaching an agreement of sponsorship with a company as dynamic as Mubadala, with whom we share values as important as innovation, research and passion for our work"

About the author
What do you think?
Show Comments
Car Finder: