Ferrari sponsorship agreement
Ferrari is proud to announce it has established a sponsorship
agreement with Mubadala Development Company, an investment
company owned by the Government of the Emirate of Abu Dhabi.
In July 2005, Mubadala Development purchased a five percent
stake in Ferrari from Mediobanca of Italy.
The Mubadala logo will feature on the Ferrari cars that will
compete in the Formula 1 World Championship, as well as on
the drivers’ caps.
“We are pleased to have reached a sponsorship agreement
with such a dynamic company as Mubadala, with whom we share
important values such as the research into innovation and
a passion for our work,” said Ferrari C.E.O. Jean Todt.
Furthermore, this agreement strengthens our ties with the
Emirate of Abu Dhabi, where a Ferrari theme park is being
created in a State located in a region in which interest in
Formula 1 is growing ever stronger.” The accord came
into effect on 1st January and is for three years.
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