F1 »

Credit Suisse ends BMW deal.

Credit Suisse is to end its sponsorship deal of the BMW Sauber team for the 2009 Formula One season.

A day before the team is due to unveil its new car in Valencia, the Swiss bank revealed that it has elected not to extend the contract it held with the team which ran out at the end of the 2008 campaign.

Credit Suisse had been a sponsor of the Sauber team since 2001 but continued its deal with the team when BMW took control in 2005.

The 2008 season proved to be a successful one for the partnership as BMW emerged as the strongest challenger to McLaren and Ferrari, with Robert Kubica taking victory in the Canadian Grand Prix and remaining in contention for the crown until the closing stages of the season.

However, the Associated Press has now reported that the Credit Suisse Group has elected to turn its focus away from international sporting events – such as Formula One – and will instead focus on regional events and institutions like London's National Gallery and the New York Philharmonic.


Related Pictures

Click on relevant pic to enlarge
Robert Kubica - BMW Sauber F1.08B [Pic credit: BMW Motorsport]
27.05.2017 - Qualifying, Pascal Wehrlein (GER) Sauber C36
27.05.2017 - Qualifying, Pascal Wehrlein (GER) Sauber C36
27.05.2017 - Free Practice 3, Pascal Wehrlein (GER) Sauber C36
27.05.2017 - Free Practice 3, Marcus Ericsson (SUE) Sauber C36
27.05.2017 - Free Practice 3, Pascal Wehrlein (GER) Sauber C36
27.05.2017 - Free Practice 3, Marcus Ericsson (SUE) Sauber C36
27.05.2017 - Free Practice 3, Pascal Wehrlein (GER) Sauber C36
27.05.2017 - Free Practice 3, Marcus Ericsson (SUE) Sauber C36
27.05.2017 - Women in Motosport programme, Michele Mouton (FRA) FIA Women in Motosport Ambassador, Jean Todt (FRA), President FIA, Tatiana Calderón (COL) DAMS and Monisha Kaltenborn (AUT), CEO and Team Principal, Sauber F1 Team
27.05.2017 - Women in Motosport programme, Tatiana Calderón (COL) DAMS, Monisha Kaltenborn (AUT), CEO and Team Principal, Sauber F1 Team, Lucia Pennesi, Ferrari Commercial and Marketing Director and Francesca Venturi, Ferrari R&D engineer.
27.05.2017 - Women in Motosport programme, Monisha Kaltenborn (AUT), Team Principal, Sauber F1 Team
27.05.2017 - (L-R) Monisha Kaltenborn (AUT), CEO and Team Principal, Sauber F1 Team, Michele Mouton (FRA), Matteo Bonciani (ITA), F1 Head of Communications and Claire Williams (GBR) Williams Deputy Team Principal.
27.05.2017 - (L-R) Monisha Kaltenborn (AUT), CEO and Team Principal, Sauber F1 Team, Michele Mouton (FRA) and Claire Williams (GBR) Williams Deputy Team Principal.
27.05.2017 - Sauber C36, detail
Pascal Wehrlein (GER) Sauber F1 Team at the Amber Lounge Fashion Show.
26.05.2017.
Pascal Wehrlein (GER) Sauber F1 Team at the Amber Lounge Fashion Show.
26.05.2017.
(L to R): Stoffel Vandoorne (BEL) McLaren; Marcus Ericsson (SWE) Sauber F1 Team; Pascal Wehrlein (GER) Sauber F1 Team; and Charles Leclerc (MON) Ferrari Development Driver, at the Amber Lounge Fashion Show.
26.05.2017.

Join the conversation - Add your comment

Please login or register before adding your comments.

Although the administrators and moderators of this website will attempt to keep all objectionable comments off these pages, it is impossible for us to review all messages. All messages express the views of the poster, and neither Crash Media Group nor Crash.Net will be held responsible for the content of any message. We do not vouch for or warrant the accuracy, completeness or usefulness of any message, and are not responsible for the contents of any message. If you find a message objectionable, please contact us and inform us of the problem or use the [report] function next to the offending post. Any message that does not conform with the policy of this service can be edited or removed with immediate effect.


d - Unregistered

January 19, 2009 9:59 PM

credit suisse arent in any financial trouble but they are funding quite alot of money into bmw and so they think it's better to keep the sponsorship in switzerland and also spend the money on making sure people dont loose jobs...!!!



© 1999 - 2017 Crash Media Group

The total or partial reproduction of text, photographs or illustrations is not permitted in any form.