In addition to this the 2025 driver market has been chaotic after Lewis Hamilton announced his switch to Ferrari displacing their current driver Carlos Sainz.
Since then, drivers have switched teams, with new faces joining the F1 grid for 2025, as old ones depart.
Lewis Hamilton will move to Ferrari in 2025
Formula 1 reveals major sponsorship change
Alongside the changing driver market, F1 will also see another change for 2025, with Rolex dropped as the official timepiece of the series.
According to Coronet, French luxury goods company LVMH will replace Rolex as Formula 1’s global partner, in a new contract that is reportedly worth $150 million per year.
Rolex will step down as the official timepiece of F1 in 2025
The LVMH Group owns around 75 luxury brands, including Dior, Hublot and Tag Heuer, with the latter already enjoying a partnership with Red Bull as their official timekeeper.
Hublot has also had partnerships with Williams and Ferrari, with the watchmaker also poised to replace Rolex.
Rolex will leave the sport after partnering F1 for over a decade, with their reason for exiting unknown.