F1 team loses sponsor
London ? Royal Bank of Scotland will end its sponsorship of the Williams Formula One team next year and cut half its sports funding because of the global economic crisis. The three-year deal was worth about $14.2 million and will not be renewed when it expires at the end of the 2010 season. RBS has sponsored Williams since 2005. The team’s title sponsor since 2006 has been telecommunications giant AT&T.

