AMD will not renew Ferrari sponsorship deal

Ferrari F2008According to some news reports, AMD are not looking to renew their sponsorship deal with the Ferrari F1 team.

It is understood that the decision has been made following the departure of marketing officer Henry Richard late last year Richard was a big motor sport fan and was the originator of the Ferrari sponsorship deal which started in 2002. The current deal is estimated to be worth between $10 and $20 million to Ferrari.