Flip through the latest issue of Gulf Weekly.
Royal Bank of Scotland said this week that its sponsorship of the Williams Formula One team will end next year as it cuts funding of sport by 50 per cent due to
the global economic downturn.
The current three-year deal, which was worth around £10
million (BD5.43 million) a year, will not be renewed when it expires at the end of the 2010 season. RBS has sponsored Williams since 2005.
"They have been very supportive in finding ways to reduce costs over the remainder of our contract," RBS group director Andrew McLaughlin said.
The team's title sponsor since 2006 has been American telecommunications giant AT&T. "We are in a strong position to ride out the inevitable challenges of the next two years," said team principal Frank Williams.
