News Details

Schumacher signs cap sponsor deal

He is no longer seen in the F1 paddocks, but Michael Schumacher has just secured a lucrative sponsorship deal that will be the envy of most of today's grand prix stars. Bild newspaper reports that the seven time world champion, 44, has extended his contract with German investment company Deutsche Vermogensberatung. Since 1996, the former Ferrari and Mercedes driver, now retired, has worn the long-winded word - or the shorter acronym DVAG - on the front of his cap. Thursday's media report said Schumacher's new seven-year deal is estimated to be worth about EUR 21 million euros, or 3 million per year.
Full Story »
12y ago from GrandPrix.com 0
Share

You May Also Be Interested In...

Schumacher still raking it in

Despite no longer being a part of the F1 fraternity, Michael Schumacher...
12y ago from Crash.net

Greenpeace protests against race sponsor Shell

Before the Belgian Grand Prix started, protesters from the environmental...
12y ago from F1Pulse.com

Lotus: We are well positioned but we need a sponsor...

Lotus: We are well positioned but we need a sponsor who pays really well...
12y ago from GrandPrix247.com

Australia to negotiate new F1 deal

The Victorian State Government has given the Australian Grand Prix...
12y ago from Pitpass.com

Elsewhere On The Network

Popular On MGPToday.com

Massimo Rivola: Aprilia has become the ‘benchmark’...

Massimo Rivola has admitted that Aprilia has become the current reference...

Popular On IndyCarToday.com

Popular On TotalWRC.com

Kalle Rovanpera returns to WRC with Subaru

Double WRC Champion Kalle Rovanpera is set to return to the WRC next year...

Popular On GunnersToday.com

“On another day, he scores a couple of goals” -...

Former Manchester City star Micah Richards believes Max Dowman was the...
1h ago from SportsKeeda.com

Alan Shearer reveals what would 'worry' him as an...

England great Alan Shearer has revealed that Arsenal's lack of energy and...
1h ago from SportsKeeda.com

“Would you ordinarily do that?” - Gary Lineker...

Gary Lineker has suggested that Arsenal are showing signs of ‘panic’...
1h ago from SportsKeeda.com

Formal offer expected: Arsenal favourites over Bayern...

Arsenal are reportedly expected to make a formal offer for the transfer of...
2h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.