banner The latest auto news, reviews, prices, product and vehicle releases. Auto News 5

Stay connected Subscribe to our RSS feed

Do not miss the latest Auto News !

Aug
29th

F1: Michael Schumacher signs multi million cap sponsor deal

Stay connected Subscribe to our RSS feed
Adapted from GMM

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 21 million euros, or 3 million per year.

Niki Lauda started the cap sponsorship in 1976 with Römerquelle, and then Parmalat, Oelikon and now Aabar. 

F1 Michael Schumacher
Photo: WRi2



Hosted by CifTech Hosting.