Lenovo switches Formula One sponsorship to McLaren Mercedes
By Ed Kemp, marketingmagazine.co.uk, Monday, 08 December 2008 09:30AM
LONDON - Lenovo is switching its Formula One sponsorship from AT&T Williams to Lewis Hamilton's Vodafone McLaren Mercedes team.
Lenovo will announce the deal tomorrow but according to sources, the company will pay a similar fee to that it currently pays to sponsor Williams. However, it is believed the deal will not involve any on-car branding.
The brand, which is also a global sponsor of the Olympic Games, will push its branding through trackside ads.
The news comes as a timely boost for McLaren. Team boss Ron Dennis has estimated that the team's revenues could drop by as much as £100m as sponsors cut advertising budgets.
This article was first published on marketingmagazine.co.uk
- Senior Data Analyst Stopgap £45000 - £50000 per annum, London
- Freelance Account Managers / Senior Account Managers, £NEG Fill Recruitment Negotiable, London (Central), London (Greater)
- Head of Qual - Growing Boutique Agency Elizabeth Norman International £60000 - £90000 per annum + Benefits, London
- Senior Marketing Manager Ball & Hoolahan £95,000 + Car or C/A, South East England
- Senior Brand Manager Ball & Hoolahan £52,000 + Car/Car Allowance, London (Central), London (Greater)