As has been speculated for the last few months, Ferrari and Santander announced a 5 year sponsorship deal from 2010. It is widely expected that this announcement is the first of two major announcements with Fernando Alonso's move expected to be announced later this year.
The Ferrari statement read:
Scuderia Ferrari Marlboro is pleased to announce that it has reached an agreement with the Santander Bank, which, as from 2010, will become of the team's most important sponsors.
"We are very happy to have a new partner like Santander, with whom we are beginning a very important and long term collaboration," commented President Luca di Montezemolo. "We share common values, such as striving for excellence, a passion for competition, an international approach and, last but by no means least, the colour red. These values will make this a fruitful partnership, noteworthy around the world."
The agreement, which is for a five year period, will see the Santander logo and branding on the cars, the drivers' overalls and on the team kit.
Related:
Ferrari confirms five-year Santander deal
Ferrari confirm Santander deal from 2010
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