YIBADA

Michael Schumacher update: Significant loss suffered by F1 legend; loyalty now in question

| Jan 16, 2017 01:58 AM EST

A long banner is displayed across the field during 'Champions For Charity' Football Match to honor the legendary racer, Michael Schumacher.

Michael Schumacher health condition and his disappearance from the public limelight have once again taken its toll on the F1 racer's post-accident undertakings. It has been made public recently that two sponsors have left the Schumacher camp.

With top brands and companies competing to close a deal with Schumacher during his glory days, it seems like there is no ending for racer's success. However, due to his current health condition, some of those said sponsors are now backing out.

German door manufacturer Hormann and luxury watchmaker Audemars Piguet are the latest sponsors who reportedly left the injured Formula 1 legend Michael Schumacher, according to Daily Star. The said two brands have joined the likes of Jet Set, Navyboot, Rosbacher and Erlinyou that used to be a Schumacher sponsor.

In retrospect, some sponsors started leaving the Schumacher camp after the racer suffered a major head injury while skiing in the French Alps in 2013. The lack of public appearance due to his sensitive health condition and the so-called media blackout being observed by Schumacher's camp has been associated with the withdrawal of sponsors. 

Although such reasons and other related factors remained unconfirmed, the question of loyalty to Michael Schumacher has been generated by the recent turn of events. There is no telling how long the current sponsors of the F1 legend will hold onto the Schumacher legacy and achievements.

To note, some reports claimed that other sponsors of Schumacher have negotiated for a reduction of fee, according to Auto Week. However, no names have been divulged yet regarding the said negotiation process.

As of now, some sponsors like Deutsche Vermogensberatung has been constantly loyal to the racer. As a testament to the loyalty of the said brand, they are also supporting Schumacher's son, Mick Schumacher, to fulfil his dreams and carve his name in the racing industry.

Watch here below a tribute video made to honor Michael Schumacher's racing legacy:

Most Popular

EDITOR'S PICK