Toto Wolff
Esports team TSM suspends $210M sponsorship deal with FTX
Professional esports organization Team SoloMid (TSM) (previously TSM FTX) has suspended its $210 million sponsorship deal with the now-bankrupt FTX crypto exchange “effective immediately” following the cryptocurrency trading platform’s shock collapse last week. The United-States-based esports organization made the announcement in a Nov. 16 tweet to its 2.2 million followers, adding that the decision was made after “monitoring the evolving situation and discussing internally.” We’ve suspended our partnership with FTX effective immediately. pic.twitter.com/u8vQSWnAbX — TSM (@TSM) November 16, 2022 The $210 million deal was put to paper in Jun. 2021, which resulted in the renaming of TSM to TSM FTX. At the time of the deal, the esports organization said it would allocate its new re...
Mercedes replaces Lewis Hamilton with George Russell for Sakhir Grand Prix
British race driver, George Russell, will take Lewis Hamilton’s place at Mercedes for this weekend’s Sakhir Grand Prix after the seven-time champion tested positive for coronavirus. Mercedes has backed Russell’s career since 2017 and he is effectively on a three-year loan at Williams, where he has posted some impressive races since making his F1 debut last season. Jack Aitken, a 25-year-old British-Korean, will race in Russell’s place at Williams for his F1 debut while Russell is away at Mercedes. Mercedes had approached Williams to see if a deal to release Russell was possible as soon as it became apparent that Hamilton’s absence from the first race of his career was confirmed after the positive COVID-19 test and retest. And the confirmation of an agreement arrived on Wednesday morning. T...
