BAR lose Teleglobe sponsoring for 2001

[Gerard]

BAR's main secondary sponsor, Teleglobe will not sponsor the team next season.
The announcement was made on Thursday and according to the international phone and data carrier they cited 'evolving marketing and business objectives' as the motive behind its withdrawal.

Teleglobe became BAR's sponsor in 1998 and the deal was rumoured to be worth $68 million.
Jacques Villeneuve recently signed a new three-year deal and just how this will effect the team is unclear at this time.

[Jay]

Teleglobe is a local high-tech company. It was suspected that they wanted to sponsor BAR in response to Nortel's (another local high-tech company) decision to sponsor Williams.

Teleglobe has been losing money of late, and their stock has been on the decline. Nortel, on the other hand just keeps going up. Teleglobe said that it was a business decision.

My guess is that they are strapped for cash and can't afford to sponsor BAR anymore.

I doubt this will affect the team in a big way. With Honda and Villeneuve they are guaranteed to get new sponsors.

[Unknown Soldier]

Teleglobe was recently bought out by BCE so that may have something to do with it.

[Peter Mallett]

I wonder how the "suits" at BAT are looking st this.

[Dino IV]

That kinda signs Zonta's fate doesn't it?

Or is he still being backed by the Mercedes driver support programme?

[f1ciamp]

[
I doubt this will affect the team in a big way. With Honda and Villeneuve they are guaranteed to get new sponsors. [/B][/QUOTE]

in fact they alredy got a sponsorship from world online, followin the yahoo internet pioneers in f1, i guess will start seeing them all over f1 in the not far future together with telecomunication commpanies!
where do u get that beer cup icon from?

[Jay]

Try here: http://tentenths.com/forum/images/smilies/


There is beerface.gif

and beer.gif