The Phoenix Formula Virtual team’s title sponsorship deal with XXX Energy has been terminated, with Phoenix citing “a severe error in judgement” as the main factor in the split. XXX Energy joined the Mancunian team as title sponsor for the 2020 Formula Virtual season following a troubled winter for the team which saw an entire exodus of its sponsors from 2019, after DS Automobiles left the sport. At the time, the deal seemed perfect for both parties as Phoenix were in dire need of sponsorship and XXX Energy got the promotion they wanted; with their logo appearing all over the 2020 livery. It seems, though, that during the winter just gone, something happened between the two parties which has led to the termination of the contract. A statement from Phoenix Motorsport on Friday confirmed the end to the deal. “Phoenix Motorsport FV Team and XXX Energy have amicably agreed to end their partnership together in the FVA Formula Virtual World Championship with immediate effect. The due diligence procedure that Phoenix has recently made common practice found that a severe error in judgement was made when the deal was made with XXX Energy last year, and so it is necessary to terminate the deal. We wish them well in their future endeavours.” FVTV tried to get a statement from XXX Energy but no contact details could be found.
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