Mercedes Suspends Sponsorship Deal With Crisis-Hit FTX Ahead of Brazilian Grand Prix 2022
This means that Mercedes would not have any of FTX logos and stickers on their cars at the Brazilian Grand Prix, which is on Sunday, November 13. This comes amidst after the crypto firm was declared bankrupt.
Mercedes have suspended its sponsorship deal with crisis-hit FTX and have decided to remove all its stickers and logos, ahead of the Brazilian Grand Prix 2022. This comes after the crypto firm, which is one of the world's largest crypto exchanges, was declared bankrupt and under investigation by the USA's Securities and Exchange Commission (SEC). "As a first step, we have suspended our partnership agreement with FTX," Mercedes said.
Mercedes Ends Deal With FTX:
Mercedes has suspended its sponsorship deal with FTX and will remove the company's logos from the cars at the Brazilian Grand Prix ❌
#F1 #Motorsport #BrazilGP pic.twitter.com/N02uLt1DAF
— Motorsport.com (@Motorsport) November 11, 2022
(The above story first appeared on LatestLY on Nov 12, 2022 06:15 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
