New $26m per year sponsor deal for Mercedes
Mercedes and Ineos would not comment
On the eve of the 2020 season, six-time consecutive world champion Mercedes has reportedly secured a $26m per year sponsorship deal.
At Christmas, the German team announced a new "performance partnership" with the Ineos-branded Tour de France and America’s Cup teams.
Now, the Financial Times reports that Ineos, a major British chemicals company run by billionaire Jim Ratcliffe, has agreed a $26m per year F1 sponsorship deal.
Citing sources, the report said it will be announced "within weeks". Mercedes and Ineos would not comment.
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