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Audi Withdraws Americas Cup Sponsorship Due To Economic Crisis |
Car manufacturer Audi has withdrawn from sponsorship of Team Germany, effectively ending the German sailing team's bid to win the America's Cup, but co-ordinator Jochen Schümann insisted Sunday he will fight on.
“I will not give up on the German flag,” triple Olympic champion Schümann told daily Die Welt am Sonntag as the search begins for a new main sponsor.Audi have withdrawn their financial backing due to the world economic crisis, leaving the sailing team's dreams of America's Cup success in tatters.
[source]
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