Saudi Aramco, one of the world’s biggest oil and gas companies, will pay between $40m (€36.6m) and $45m per year for global partner rights to Formula 1 over 10 years from 2020 to 2029.
The largely state-owned energy producer is believed to be the world’s most profitable company. This is its first global sponsorship of a major sporting event.
You need to have an account to access our content
Find out more about our news, features and services
Already have an account? Sign in here
