Nov.1 (GMM) Renault's new title backer has penned a deal to also sponsor the first race of the 2007 grand prix season.
The multi million dollar deal will see the race at Melbourne's Albert Park next March be renamed the 'ING Australian Formula One Grand Prix', following the Dutch financial giant's three-year agreement to similarly rename the championship-winning Renault team from 2007.
Australian sources suggested that ING's sponsorship is more lucrative than the former arrangements with Foster's and Qantas.
It was reported in April that beer brand Foster's would also pull out of sponsoring the British grand prix at Silverstone next year.
Meanwhile, on Tuesday, F1 team Spyker announced a three-year sponsorship deal with another of 2007 driver Christijan Albers' personal backers, Dutch skin care products company Philoderm.
Written: Thu, 02 Nov 2006 09:49:11
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- January 22, 2008ING adds third race to F1 roster
- September 20, 2007Renault asks ING for Alonso money
- December 05, 2006Dutch launch for Renault R27
- November 12, 2006ING to sponsor 12 GPs in 2007
- November 02, 2006ING to sponsor Australian GP
- October 18, 2006Orange Renault rumours not denied
- October 16, 2006Renault confirm Dutch bank sponsor
- October 05, 2006ING confirm Renault link
- (November 02, 2006)View all headlines from this date
