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Santander chief Emilio Botin dies age 79
+ Santander chairman Emilio Botin, a Formula 1 enthusiast, and the driving force behind his company’s sponsorship of the Ferrari and McLaren teams has died at the age of 79.
Botin oversaw the growth of Santander firm from a small local bank to the largest of its kind in Europe, and was behind the Spanish firm’s move into Formula 1 in 2007, as a sponsor of Fernando Alonso and McLaren, as well as a number of races.
The Spaniard was a firm favourite of Botin, and the banking giant followed Alonso to Ferrari in 2010, while maintaining its deal with McLaren.
“Sad day today,” read a short statement released by Ferrari on Wednesday morning. “Our thoughts are with the family and friends...
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