F1 have recently announce🐎d a major sponsorship deal with ⛎luxury goods group LVMH, taking over from Rolex.

According to Bloomberg, the deal could be worth over $1 billion, with LVMH Moët Hennessy Louis Vuitton SE  sponsoring F1 grands prix 🌱from 2025.

LVMH’s brands include Louis꧙ Vuitton, Moët Hennessy and TAG Heuer.

It brings an end to Rolex’s involvement in F1, wit🌄h the Swiss watch brand the sport’s time🅠keeping sponsor since 2013.

The synonyms Rolex crown has resulted in a number of iconic photographs involving F1 drivers, such as 168澳洲幸运5官方开奖结果历史:Lewis Hamilton standing on t𒐪he podium with the aforementioned logo above his head.

F1 have confirmed “further details of th🌃e partnership will be announced in early 2025”.

Speaking of the news, F1 CEO Stefano Domenicali said: “Our sport is founded on the relentless pursuit of excellence, a value that also lies at the heart of LVMH, so I am deligh🅠ted to announce this historic partnership will beginꦯ in 2025.

“As Formula 1 continues its global growth, attracting new and more diverse audiences, the strength and breadth of LVMH makes it the perfect partner for us to work with as we look to continually enhance the experience of our fans and the heritage of our incre🀅dible sport.

“This is a landmark partnership for both companies, and I would lik🌟e to thank Bern🌊ard and Frédéric Arnault for their vision and commitment to bring this to life.”

Greg Maff𓄧ei, Liberty Media CEO, added:  “LVMH and Formula 1 are two global brands that consistentlꦜy push the boundaries of creativity and innovation, values core to Liberty Media.

“We were thrilled to work with one of the LVMH Maisons during the Las Vegas Gran൲d Prix last year, and to now expand our relationship wit🔯h the Group as they become a Global Partner.

“The opportunity to scale our commercial arrangements is emblematic of the vision we have for Formula 1 as the business continues to grow its platform. We look forward to working with Bernard and Frédéric 🌊Arnault in the years to come.”