Williams inks new $14m ‘RBS’ contract

Tue, 1 May 2007, 08:16

Edinburgh-based Royal Bank of Scotland has renewed its sponsorship of the formula one team Williams for another three years.

The now-familiar ‘RBS’ logos will therefore remain on the Grove-built single seaters’ liveries until at least mid-2010, following the signing of a new contract this week.

“It is a fruitful relationship that has developed and strengthened over the last two seasons and I look forward to it continuing successfully,” Sir Frank Williams is quoted as saying in a statement.

Reports of the renewal was accompanied by photos showing elite equestrienne and British royal family member Zara Phillips, who is also sponsored by RBS, leaping over a modern Williams F1 racer on the back of a horse.

The deal should also ensure the presence of Sir Jackie Stewart in the Williams garage for the foreseeable future, as the triple world champion is also a ‘global ambassador’ for the Scottish bank.

The financial details of RBS’ Williams deal is not known, but it is estimated at around $14 million per season.

Meanwhile, on Tuesday, Spyker announced that Dutch beer brand Heineken has become an official supplier.

The two companies will also launch the first-ever formula one sports bar in the Netherlands, a statement said.

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