As expected Ferrari confirmed their agreement with Santander bank today in Monza. Here is the full text of Ferrari press release:
Scuderia Ferrari Marlboro is pleased to announce that it has reached an agreement with the Santander Bank, which, as from 2010, will become one of the team’s most important sponsors. “We are very happy to have a new partner like Santander, with whom we are beginning a very important and long term collaboration,” commented President Luca di Montezemolo. “We share common values, such as striving for excellence, a passion for competition, an international approach and, last but by no means least, the colour red. These values will make this a fruitful partnership, noteworthy around the world.” The agreement, which is for a five year period, will see the Santander logo and branding on the cars, the drivers’ overalls and on the team kit.
Santander is currently involved in F1 as a McLaren sponsor as well as a title sponsor of several races. Santander ‘s current sponsorship deal with McLaren started in 2007 coinciding with the arrival of Fernando Alonso.