BMW Sauber lose major sponsor Credit Suisse

[Brogan]

Credit Suisse have finally confirmed that they will no longer be sponsoring BMW Sauber.
I suppose it was inevitable bearing in mind how badly banks have been hit lately.

Not good for BMW Sauber though as €17 million is a huge amount of money to lose per season.

Hopefully this won't have too much of an impact on their performance this season, or their long term plans going forward.

More here: http://www.f1technical.net/news/11434

 

[Brogan]

I managed to find this article which suggests BMW get "about £161m in sponsorship from blue-chip companies such as Credit Suisse and Petronas"

http://www.guardian.co.uk/sport/2008/mar/10/formulaone6

So this loss is just under 10% of their total sponsorship.