Spanish Savings Banks And Racing Sponsorship: Is The End Near?

Spanish savings banks have been involved in Grand Prix racing since the start of the Dorna era in 1992, when the Banesto bank set up the Spanish racing promoter and then backed its investment in purchasing the TV broadcasting rights of the Road Racing World Championship from the FIM, in partnership with F1 promoter Bernie Ecclestone’s Two Wheels Promotions company.

Banesto had already been the sponsor of 250 double world champion Sito Pons’ team when the Spanish squad was trying to make a name for itself in the 500 class at the start of the Nineties. Since then, many other Spanish banks have been been involved in Grand Prix racing activities but, in a kind of strange irony, speaking about certain Spanish financial institutions in recent times means talk not about money, but rather about the lack of it.

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Source: http://feedproxy.google.com/~r/MotoGPMatters/~3/W05xfkm0jmU/spanish_savings_banks_and_racing_sponsor.html

Elio de Angelis Marco Apicella Mário de Araújo Cabral Frank Armi Chuck Arnold Rene Arnoux Peter Arundell