Brazilian president, Jair Bolsonaro, has had a re-think over the sponsorship deal Petrobras made with McLaren in 2018. The state owns 64% of Petrobras and it seems that the $150 million they agreed to might be better used elsewhere.
Em 2018 a Petrobrás assinou contrato de publicidade de R$ 782 milhões com a McLaren, válido por 5 anos. No momento, a empresa, por decisão do meu Governo, busca uma maneira de rescindir o contrato. Boa noite a todos!
— Jair M. Bolsonaro (@jairbolsonaro) May 18, 2019
A rough translation via Google is:
“In 2018 Petrobrás signed an advertising contract of R $ 782 million with McLaren, valid for 5 years. At the moment, the company, by decision of my Government, seeks a way to terminate the contract. Good evening everyone!”
Good evening indeed. According to an Autosport article, McLaren was asked for a comment but said those kinds of commercial agreements are confidential. Fair enough but I’m curious how Zak Brown manages this situation.
If there is a way out, perhaps this leaves McLaren moving over the Renault’s partner, BP, for fuel and lubricants?