Wednesday, February 25, 2009
RBS ends sponsorship.
The Royal Bank of Scotland is to end its sponsorship of the Formula One team Williams as a result of the economic downturn, BBC Sport has learned. The partnership, which began in 2005, will conclude when the current contract finishes at the end of the 2010 season. The move is part of RBS proposals to cut its funding of British sport by a massive 50% by 2010.