29 May 2024
BP eyes $30m F1 sponsorship return - report
"Rumours say Renault and McLaren are competing for the contract"
British oil multinational BP is looking to re-enter formula one as a sponsor.
That is the claim of Germany’s authoritative Auto Motor und Sport, referring to the London-headquartered company that has a long history of F1 sponsorship.
BP’s first involvement at the pinnacle of motor sport was several decades ago, but the report claims the oil giant now wants to return "with a large campaign".
"Rumours say Renault and McLaren are competing for the contract worth a supposed $30 million," said respected correspondent Michael Schmidt.
Search
Formula 1 news
28 May 2024
Ferrari out of the running to sign Newey?
28 May 2024
Gasly: Ocon just has to change
28 May 2024
Red Bull must focus more ’on racing’ - Verstappen senior
27 May 2024