Formula One loses sponsor LG

One of the official sponsors of Formula One will not renew their contract.

Nov.22 (GMM) Formula one has lost an official sponsor.

F1 flag
F1 flag

Photo by: XPB Images

LG, the electronics brand, has announced it is ending its five-year relationship with the sport.

"LG would like to thank the many organisations, teams and individuals it has worked with during its time in F1," the South Korean multinational said in a statement.

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About this article
Series Formula 1
Article type Breaking news
Tags lg electronics, sponsor