Matthew Williams

Formula 1’s Scuderia Ferrari is set to announce Hewlett-Packard (HP) as its new title sponsor, securing a huge financial boost for the team ahead of an expensive 2025 season.

New sponsorship deals have been the main driver of revenue growth for the Mercedes Formula 1 team after it announced record turnover of £546.5m (€640m/$681m) for 2023.

The arrival of a third Japan-linked sponsor for the Los Angeles Dodgers since the signing of superstar Shohei Ohtani is adding new commercial impetus for the Major League Baseball side.

Brazilian cooperative bank Sicoob has been signed up as a sponsor of the country’s flagship domestic football competition, the Campeonato Brasileiro. 

The Lawn Tennis Association (LTA) has signed up Brita as its new official water partner

With restrictions on gambling in Brazil loosening, the Campeonato Brasileiro Série A has its first title sponsor from the betting category in the form of Greece-based Betano.

Formula E has secured a new sustainability agreement with energy solutions provider Aggreko

Castore has expanded its presence in the football market via a kit supplier agreement with Switzerland’s FC Zurich.

Reliance-owned sports marketing agency Rise Worldwide brokered over 50 deals ahead of the 2024 Indian Premier League season, including INR 300 crore worth of kit branding agreements, SportBusiness understands.

The 2024 Indian Premier League (IPL) season kicks off with all teams having bolstered their sponsorship portfolios in the run-up to cricket's biggest and most lucrative tournament.