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McLaren's Petrobras sponsorship 'terminated'

:Headline: McLaren's Petrobras sponsorship 'terminated': ID:375711: from db_amp
A major Formula 1 sponsor has announced it is leaving McLaren.
By | 24d

A major Formula 1 sponsor has announced it is leaving McLaren.

In May, we reported that Brazilian state-run oil company Petrobras was looking to exit the five-year, $200 million deal it signed just last year.

"At the moment, by decision of my government, Petrobras seeks a way to terminate the contract," controversial new Brazilian president Jair Bolsonaro had said.

Now, the Brazilian financial magazine Exame says the government's economy department has confirmed the cancellation.

A document prepared by economics minister Adolfo Sachsida declared that the "unjustifiable" McLaren contract was "terminated".

Petrobras told Brazilian media that it would not comment further, while McLaren said contracts are "commercially confidential".

"We cannot make comment at this time," a spokesperson added.

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Premier League Table
TeamPWDLFAGDPTS
1Liverpool12111028101834
2Leicester CityLeicester128222982126
3Chelsea1282227171026
4Manchester CityMan City1281335132225
5Sheffield UnitedSheff Utd12453139417
6Arsenal124531617-117
7Manchester UnitedMan Utd124441612416
8Wolverhampton WanderersWolves123721615116
9Bournemouth124441515016
10Burnley124351718-115
11Brighton & Hove AlbionBrighton124351517-215
12Crystal Palace124351016-615
13Newcastle UnitedNewcastle124351118-715
14Tottenham HotspurSpurs123541817114
15Everton124261318-514
16West Ham UnitedWest Ham123451420-613
17Aston Villa123271720-311
18Watford12156823-158
19Southampton122281129-188
20Norwich CityNorwich122191128-177
Scroll for more - Tap for full version
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