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VTB Group becomes the Event Title Partner for the 2017 FORMULA 1 VTB RUSSIAN GRAND PRIX

 
22 February 2017

VTB Group becomes the Event Title Partner for the 2017 FORMULA 1 VTB RUSSIAN GRAND PRIX

VTB Group is proud to announce that it is the Event Title Partner for the FORMULA 1 RUSSIAN GRAND PRIX. The company’s logo and name have been included into the logo and name of the event and VTB has obtained additional advertising, marketing and communication options.

Vasily Titov, First Deputy Chairman of VTB Management Board: “The right to be the title sponsor of such a major international project opens up new opportunities for both VTB Group and the Russian round of the FIA Formula One World Championship. I am confident that our cooperation will become an example of an effective sponsorship in the area of motorsport for many companies. We are looking forward to seeing everyone at the 2017 FORMULA 1 VTB RUSSIAN GRAND PRIX in Sochi on 28-30 April.

Elena Zaritskaya, General Director of NPJSC “Center “Omega”, which is the FORMULA 1 RUSSIAN GRAND PRIX promoter: “We are glad that the Formula One Russian Grand Prix has received the support of VTB, our country’s leading financial group. As the company that owns Sochi Autodrom, we would like to welcome VTB as the Event Title Partner”.

Sergey Vorobyev, Project Head, FORMULA 1 RUSSIAN GRAND PRIX promoter: “The 2017 Formula 1 VTB Russian Grand Prix is not only a great event to attend to enjoy high-tech sporting battles and a wide range of entertainment, but is also a business platform of the highest level. We are grateful to Bernie Ecclestone for making the decisions necessary for the development of this partnership and look forward to successfully working with Chase Carey and the new Formula 1 management team”.

Formula 1 CEO Mr Chase Carey: “We are delighted to welcome VTB into the Formula 1 family as it becomes Event Title Partner of the FORMULA 1 RUSSIAN GRAND PRIX. VTB’s involvement will only add to the continued success of the event and we look forward to this being the start of a long and successful relationship.”

Background:


About Formula 1®

Formula 1®, which began in 1950, is the world's most prestigious motor racing competition and is the world's most popular annual sporting series. In 2016 it was watched by 400 million unique television viewers from over 200 territories. The 2017 FIA Formula One World Championship™ runs from March to November and spans 20 races in 20 countries across five continents. Formula One World Championship Limited is part of Formula 1, and holds the exclusive commercial rights to the FIA Formula One World Championship™.

Formula 1 is a subsidiary of Liberty Media Corporation (NASDAQ: LSXMA, LSXMB, LSXMK, BATRA, BATRK, FWONA, FWONK) attributed to the Formula One Group tracking stock.


About the FORMULA 1 RUSSIAN GRAND PRIX

The modern history of the FORMULA 1 RUSSIAN GRAND PRIX dates back to 9 October 2010, when the terms of the contract for hosting a round of the FIA Formula One World Championship in Sochi were agreed during negotiations with the former CEO of the Formula One Group, Bernie Ecclestone. On 14 October 2010, the contract for the organisation of the FORMULA 1 RUSSIAN GRAND PRIX between OJSC “Center “Omega” and the Formula One Group was signed in Sochi with the support of the Government of the Russian Federation and in the presence of the Russian President Vladimir Putin. On 28 October 2010, OJSC "Center "Omega" concluded a circuit design agreement with Tilke GmbH& Co. KG.

On 10-12 October 2014, Sochi Autodrom hosted the first Formula 1® Grand Prix in Russian history which received the Formula One Management award as the best round of the season at the General Assembly of the Fédération Internationale de l'Automobile (FIA). On 8-11 October 2015, the circuit hosted the second FORMULA 1 RUSSIAN GRAND PRIX that received positive feedback. The 2016 FORMULA 1 RUSSIAN GRAND PRIX that took place on 28 April - 1 May was a success and again saw full grandstands.

The fourth Russian round will take place at Sochi Autodrom on 27-30 April 2017.


About Sochi Autodrom

Sochi Autodrom is a state-of-the art venue for international motorsport competitions in Europe and the only Russian circuit, which operates on a year-round basis. Since its opening in September 2014, Sochi Autodrom, located in the Olympic Park, has hosted many motorsport and entertainment events.


About VTB Bank (PJSC)

VTB Bank, its subsidiary banks and financial institutions (VTB Group) comprise a leading Russian financial group, offering a wide range of financial and banking services in Russia, the CIS, Western Europe, North America, Asia and Africa.

In Russia, the Group conducts its banking operations through one parent bank (VTB Bank) and subsidiary banks, the largest of which is VTB 24. The subsidiary financial organisations of VTB Group provide stock market services, insurance services, leasing, factoring and other financial services.

Today, VTB Group has an international network of over 30 banks and financial companies in more than 20 countries around the world, which is unique for a Russian bank.

As of 30 September 2016, VTB Group is the second largest financial group in Russia in terms of assets (RUB 12,359.2 billion) and clients’ funds (RUB 8,000.9 billion). The Government of the Russian Federation is VTB’s main shareholder and owns 60.9% of its voting shares through the Federal State Property Management Agency.

For more information, please visit www.vtb.ru

The F1 FORMULA 1 Logo, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, FORMULA 1 RUSSIAN GRAND PRIX and related marks are trade marks of Formula One Licensing BV, a Formula 1 company. All rights reserved.


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