Spanish oil giant Repsol has extended its title sponsorship deal with Honda’s MotoGP team until 2020. The new deal will also mark the silver jubilee of the Honda MotoGP and Repsol association as the partnership will complete its 25 years before the agreement expires in 2020.
Repsol will continue to be the main sponsor for the motorcycling outfit and stay as the supplier of the fuel and lubricants used for the team’s bikes.
Honda Racing Corporation president Yoshishige Nomura had told crash.net that “during this period, we have successfully faced together the many exciting challenges posed by the rapid evolution of technology, the ever-increasing level of racing competition, the growth of the worldwide MotoGP audience in traditional and new markets, and the fast-changing means of communicating with fans,” to Crash.net.
Repsol executive managing director- communications Begoña Elices García said, “We are very pleased to have renewed our alliance with Honda -an alliance that will celebrate its 25th anniversary next year and that goes well beyond a traditional sponsorship agreement.”
Honda MotoGP and Repsol have joined hands for the first time in 1995. Honda and Repsol have won 13 premier rider world championships and secured 163 Grand Prix victories, with the most recent coming from Spanish star Marc Marquez at the Dutch TT.