LONDON: The Royal Bank of Scotland (RBS) will end their sponsorship of the Williams Formula One team at the end of the 2010 season, the bank said in a statement on Wednesday.
"We recognise that we are now operating in a very different economic environment and have been reviewing all of our activities since October," RBS said.
"It is imperative that we respond to the reality of the situation that we face and that we do so in an orderly way that respects the commercial agreements we have in place and the implications for our partners and the jobs they support."
RBS have sponsored Williams since 2005 and renewed their deal for a second three-year term in 2007.
Source:http://sports.timesofindia.indiatimes.com/Voices-raised-for-early-IHF-polls/articleshow/4191711.cms
"We recognise that we are now operating in a very different economic environment and have been reviewing all of our activities since October," RBS said.
"It is imperative that we respond to the reality of the situation that we face and that we do so in an orderly way that respects the commercial agreements we have in place and the implications for our partners and the jobs they support."
RBS have sponsored Williams since 2005 and renewed their deal for a second three-year term in 2007.
Source:http://sports.timesofindia.indiatimes.com/Voices-raised-for-early-IHF-polls/articleshow/4191711.cms
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