September 14, 2009

MONTREAL (AP) -- Formula One is set to return to Montreal next year.

The sport's governing body and Grand Prix F1 du Canada Inc. have settled a financial dispute that began last fall and led to the cancellation of the 2009 Canadian Grand Prix.

Local promoter Normand Legault says an announcement that Montreal is back on the F1 schedule is "forthcoming." He says he has no plans to be involved in staging future editions of the race.

WOKING, England (AP) -- Banco Santander has extended its partnership with Formula One team McLaren for another year, meaning it will sponsor both the British team and rival Ferrari next season.

Santander's three-year deal with McLaren ends this year but both the team and the sponsor announced Monday it had been extended through 2010.

Last week, Ferrari said it had entered into a five-year agreement with Santander through 2014, so the Spanish bank will have its name on rival drivers' clothing in the championship as well as the Ferrari cars.

Last week's announcement fueled speculation that Ferrari might sign Spanish driver Fernando Alonso from Renault.

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