The Royal Bank of Scotland will halve its funding of British sport as a result of the global economic downturn.
BBC Sport has learned the bank will end its sponsorship of the Williams Formula One team at the end of 2010.
It will also review its deals with individuals such as tennis star Andy Murray and cricketer Sachin Tendulkar.
RBS, expected to announce a loss of up to £28bn on Thursday, is reviewing all sponsorship activity as part of its strategic review.
The bank, in which the government has a stake of almost 70%, has also cancelled trackside advertising for 2010, while hospitality costs in all its sponsorships have been reduced by around 90% in 2009.
Murray's Money
Like rabbit said elsewhere, first his health and now his money:
Posted by
lola
Labels:
Andy Murray,
ATP,
global financial crisis
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