The Williams F1 chief has denied rumors of a large sponsorship deal connected to Franco Colapinto's signing.
Williams F1 Team Principal James Vowles has addressed the rumors regarding the financial terms associated with promoting Franco Colapinto to the team, replacing Logan Sargeant. These speculations suggested that Colapinto's team had paid a substantial $500,000 per race for his seat. Vowles has firmly denied these claims, adding that Colapinto's promotion was based purely on merit and unrelated to any sponsorship deals.
'What then transpired, and it hasn't finished yet, the phone is still ringing off the hook, is a number of Argentine companies, of which there are many, are calling, and they're paying market rate for stickers on the car fundamentally.'The surge in interest from Argentine firms eager to capitalize on Colapinto's rise comes as no surprise.
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