Banking group Credit Suisse has ended its sponsorship of the BMW Sauber F1 team, this may be due to the economic climate but Credit Suisse’s sponsorship contract ended in 2008 and the banking group has announced that it will not be renewed with the firm preferring to now ‘focus on regional sporting and cultural activities’.

A BMW Sauber spokesman stated ‘It will have absolutely no influence on that. The search for new sponsors is ongoing, as it always is, but it is not something we can set a deadline on.’ www.sportindustry.biz