F1: Santander to again sponsor Ferrari team

Ferrari will reunite with former sponsor Santander in a multi-year deal starting in 2022.

The Scuderia previously enjoyed an eight-year partnership with the bank from 2010 to 2017 before it decided to leave F1 but from next year it will again become a premium partner.

The Santander logo will again return on the cars, the race suits of drivers Charles Leclerc and Carlos Sainz, on team caps as well as being present in Ferrari Driver Academy activities.

Ferrari chairman John Elkann said: “It’s an honor to team up again with a global financial institution like Santander, which is committed to responsible banking and has shown leadership in renewable energy finance and ESG advisory services all around the world.

“We look forward to partnering with them to deliver our key objective of becoming carbon-neutral by 2030.

“We believe Formula 1, with its innovations and technological developments, will benefit our industry and ultimately society as a whole.”

In 2020, Santander was the world’s leading bank in renewable energy finance and through its investment bank, Santander CIB, has dedicated teams that specialize in advising companies in transitioning to a zero-emissions economy, in line with Ferrari’s plan by the start of the next decade.