Vodafone and the McLaren Mercedes Formula One team have announced a long-term sponsorship agreement, commencing January 2007 which will last into the next decade. The sponsorship will commence after Vodafone's current sponsorship of the Ferrari team is due to expire. There had been rumors that Vodafone wanted to quit the Ferrari sponsorship early following disappointment with the team performance this year.
The title sponsorship includes a number of benefits:
Commenting on the agreement Peter Bamford, Vodafone's Chief Marketing Officer said, "We are excited about this new phase of involvement in motor racing. As Title Sponsor of the Vodafone McLaren Mercedes team it raises our association with Formula One to the ultimate level. The new agreement delivers a fantastic marketing platform; the associative rights we acquire as a result of this new sponsorship provide us with additional opportunities to continue to raise brand awareness, build brand preference and drive revenue. It will also provide our customers with unique and exciting content through Vodafone live! with 3G."
"This is only the third time for more than 30 years that the opportunity to become the team's Title Sponsor has existed," said Ron Dennis, Chairman and CEO of the McLaren Group and McLaren Mercedes Team Principal. "The status of the brand and the level of activation in support of the sponsorship were key criteria for our choice of Title Sponsor and Vodafone over-delivers in all respects. In addition, as our agreement is long-term, this provides important stability within the Team, allowing us to focus fully on our objective of winning races and Championships together. We are delighted to welcome Vodafone to the team and look forward to many future successes."
Posted to the site on 15th December 2005