Petronas to No Longer Sponsor Yamaha’s MotoGP Team
January 3, 2012
Yamaha’s MotoGP team and Malaysian oil giant Petronas have ended their partnership after three years of racing sponsorship.
Concluding a deal that is reportedly worth $8 million a year to the factory MotoGP team, viagra 100mg Yamaha’s loss of Petronas will surely be felt in the team’s pocketbook, capsule assuming of course that the Japanese manufacturer cannot replace the company with another on its sponsor roster.
After losing title sponsor Fiat for the 2011 season Petronas and Yamaha Motor Kenkana Indonesia (Yamaha’s Indonesian arm) were left as the team’s main backers and official sponsors. Now with the loss of Petronas, discount many of the names on the side of the Yamaha YZR-M1 are those belonging to the tuning fork brand, leaving the financial burden for Yamaha’s MotoGP racing effort to come squarely out of one Yamaha coffer or another.
“The relationship between Yamaha and Petronas has been a great success, we have enjoyed some major achievements together in the MotoGP class,” said Lin Jarvis, Managing Director of Yamaha Motor Racing. “Now that the partnership has reached its natural conclusion I would like to thank our friends at Petronas for the support during their time with us and wish them well for the future.”
Mohammad Medan Abdullah, Senior General Manager of Petronas Group Corporate Affairs Division, said: “We are happy to have had this opportunity to work with the Yamaha Factory Racing team over the past three years. In that time, we have enjoyed the benefits of strong brand exposure through the privilege of being associated with a team that shares our values and passion. The team has achieved many successes through a high level of competitiveness and stretched performance standards and we wish the team continued success in the future.”