Motorsport partnerships worldwide are being terminated following the COVID-19 Pandemic. This extends towards Formula One, with Williams losing their title sponsorship with Rokit Telecommunications. Contract details between Rokit & Williams revealed this sponsorship was slated to end by November 2023. Breaking the contract three years before its completion could prompt lawsuits onto Rokit. However, declining revenue & poor performance from Williams F1 ultimately prompted the choices of Rokit Executives.
Claire Williams, the woman, known for destroying the legacy of Sir Frank Williams, didn’t provide insight into this terminated contract. It’s suspected that Rokit Executives ended their agreement after Williams Grand Prix Holdings Incorporated announced they’re selling a majority stake of their ownership. The downfall of Williams F1 followed after Claire took over for her father, Frank. This outfit would quickly become worst on the grid, losing an average of $15 million per season. It makes logistical sense for Rokit to pull out now.
Rokit Telecommunications hasn’t terminated their contracts with the Venturi Formula E Outfit, showing that this brand isn’t giving up on their advertisement growth through motorsports. Analysts speculate that Rokit will look towards another team in Formula One desiring sponsorship, which will be all remaining nine outfits after COVID-19. When questioned on why Rokit Executives made this decision, a spokesperson merely wished Williams F1 the best of luck moving forward. Remarks continued with Rokit Representatives noting their full commitment towards remaining partnerships in Motorsports.
Rokit in South Africa
South Africans are familiar with Rokit Telecommunications. Their mobile handsets have become known for offering premium components for the Low to Mid Range Markets. Their highest-grade device is named the “Rokit iOS Pro Three”. It’s been purchased by thousands of South Africans, giving them unique themes that related to Williams F1. Those themes could be terminated in the following week after this cancelled contract.
Owners obtain a 5.99” Full HD+ Touchscreen Display, Fingerprint Sensor, 64Gb of Internal Memory, Android Nine, 13Mp Rear Camera, 8Mp Front Camera, and 4G LTE Connectivity. This combination costs owners less than $200.00 to obtain with local telecom providers. Receiving this phone on the contract will cost considerably less at $0.00 to $50.00, depending on the provider selected.
