The deal began in 2021 as Spanish bank now targets 'new partners' with Williams touted as a possible destination
Spanish banking giant Santander and Ferrari will conclude their sponsorship agreement at the end of 2024 as the reported $60 million-a-year deal comes to an end. A three-year contract was agreed in 2021, renewing a partnership that had initially run from 2010 to 2017. As well as running its logo on the Ferrari F1 cars, caps and race suits, Santander was also on board the team's 499P Le Mans Hypercars that have captured victory at the last two editions of the Le Mans 24 Hours.
The timing of the expiration of Santander's three-year agreement with the Prancing Horse means it could feasibly back the Spanish driver and his new squad. Williams team boss James Vowles rebuffed suggestions Sainz's arrival was in any part a commercial decision but did concede the news of the three-time race winners' signing could push existing talks with sponsors over the line.
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