P1racenews AI automatic summary:
Repsol annoyance at Honda decision as finances renegotiated on sponsor deal
According to Motorsport report, there is still no agreement on the final designs of Honda’s factory MotoGP bikes for the 2024 season and how prominent the Repsol sponsorship will be. Due to the departure of star rider Marc Marquez, Repsol has activated a clause in their contract with Honda to negotiate the finances and reduce their involvement. This has resulted in Honda’s decision to prioritize their own brand colors of red, blue, and white, which has not been well-received by Repsol. Negotiations between the two parties are ongoing to finalize the appearance of the 2024 MotoGP bikes. Additionally, the amount of Repsol branding on Honda’s paddock trucks is expected to decrease this year. It’s worth noting that this year marks the 30th anniversary of the sponsorship between Repsol and Honda, and 2024 will be the last year of their current contract. As for other sponsorships, Honda will no longer be sponsored by Red Bull this season, and Luca Marini has joined as a replacement for Marquez, alongside Joan Mir.
