Motor racing-Ferrari terminate Velas F1 sponsorship deal


FILE PHOTO: Formula One F1 - Abu Dhabi Grand Prix - Yas Marina Circuit, Abu Dhabi, United Arab Emirates - November 19, 2022 Ferrari's Charles Leclerc in action during practice REUTERS/Amr Alfiky

(Reuters) - Ferrari have terminated a Formula One sponsorship deal with Swiss blockchain technology company Velas, the team said on Thursday without giving details.

The Zug-based company became a partner of the Italian racing team last season, with branding prominent on the cars' rear wings, as part of a multi-year deal.

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