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Renault set to announce new main sponsor

Renault set to announce new main sponsor

03 October 2006

Renault is on the brink of announcing a new main sponsor for next season, F1Racing.net can exclusively reveal. A five-year deal with Dutch bank ING is all but agreed and will apparently be worth as much as 50 million Euros a year.

ING has been sniffing around F1 for a while and understood to have narrowed down its choice to three teams in recent months and now it seems certain that a deal with Renault will be announced within the week.

ING will also back up its on-car sponsorship with track-side advertising. 

With the ban on tobacco advertising Renault's long-term deal with Mild Seven has come to an end and the future of Spanish telecoms brand Telefonica is uncertain, with Fernando Alonso's impending move to McLaren.


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