24/09/2009
NEWS STORY
Just hours after Spanish insurance giant Mutua Madrilena announced its decision to end its partnership with Renault with immediate effect, title sponsor ING has followed suite.
In a brief statement issued tonight, on the eve of the opening day of the Singapore Grand Prix weekend, ING issued the following statement:
"In light of the verdict of the World Motor Sport Council of 21 September 2009 concerning the events that occurred at the 2008 Singapore Grand Prix, ING will terminate the contract with Renault Formula 1 with immediate effect.
ING is deeply disappointed at this turn of events, especially in the context of an otherwise successful sponsorship. As announced on 16 February of this year, ING decided not to renew the three year sponsorship (2007-2009) contract with Renault F1 and to end its presence in Formula 1 after the 2009 season."