G.P. sponsor lost
PA Auckland The future success of New; Zealand’s annual international motor racing series was seriously threatened last night by the sudden withdrawal of the lucrative Peter Stuyvesant sponsorship. The cigarette company has played a major financial role in the international series for the last five years. Its injection of funds has been largely responsible for the higher prize money the New Zealand International
Il Grand Prix organisation has been I able to offer in its efforts to atI tract overseas competitors. Worried grand prix officials will now begin a search for an- ’ other sponsor. The president. Mr Ron Frost, said last night that the international series—for the last two i years it has been for Formula Pacific cars—would be held next i year with or without a sponsor. But he acknowledged that diffi- ■ culties would arise in attracting overseas drivers if another spoilsor was not found.
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Press, 9 May 1978, Page 6
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149G.P. sponsor lost Press, 9 May 1978, Page 6
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