In just one week, Renault has lost two of its sponsors. One is Dutch-based ING and the other is Spanish insurance company Mutua Madrilena. ING is no surprise really as even before the crashgate scandal they’ve announced that it would not be renewing its sponsorship contract with the company after this year’s race season, but now they’ve decided to withdraw its sponsorship 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,” said ING’s press statement.
Mutua Madrilena’s statement said its withdrawal was because “the behaviour of relevant people in the team was of extraordinary seriousness and it compromised not only the integrity of the sport, but also put in danger the lives of spectators, drivers and circuit personnel, which is something that can affect the image, reputation and good name of the team’s sponsor.” The Spanish insurance company will however continue to sponsor fellow countryman Fernando Alonso, who drives for Renault.