Credit Suisse pulls away from Formula 1

After months of speculation sponsor Credit Suisse has finally made an end to all rumours and announced their withdrawal  from Formula 1 sport. They sponsored BMW Sauber yearly for approximate 17 million Euro. A spokesman of Credit Suisse told the SonntagsBlick: “The team is on the right track so this is a good moment to get out”.  This change is probably due to the change of management. Oswald Grubel the leaving director is a great fan of Formula 1, in contrast to Brady W. Dougan who has other sport interests.