F1 News, Reports and Race Results

More sponsors desert Michael Schumacher

Three years after the skiing accident that left him seriously injured, seven-time Formula One world champion Michael Schumacher is slowly being dropped by the personal sponsors who backed his career in motorsport.

This week Maquina do Esporte, a Portuguese-language sports marketing publication, claimed that two more sponsors have backed out out of their deals with the stricken racing legend.

Luxury watchmaker Audemars Piguet and German door manufacturer Hormann have now pulled their backing, and a line of Audemars Piguet watches in honour has reportedly been withdrawn from the collection.

Will Ferrari unroll the red carpet for Mick Schumacher?

Jet Set, Navyboot, Rosbacher and Erlinyou have already withdrawn their sponsorship, while the report claims that "others have negotiated a reduction" in the amount paid to the former Benetton, Ferrari and Mercedes driver.

Schumacher's most loyal and main backer remains Deutsche Vermongensberatung, which is also strongly supporting his son Mick's climb up through the ranks of world motorsport.

According to The Sun, the seven-time world champion has already spent around £13.8 million (approximately $16.8 million) in medical bills ever since he had the accident three years ago, based on the alleged £115,000 per week cost that his treatment requires.

There have been no recent updates on Schumacher's condition. Sabine Kehm, Schumacher's manager, told The Mirror newspaper before Christmas that the family will not say anything yet about Schumacher's condition as his current state "is not a public issue."

GALLERY: F1 drivers' wives and girlfriends

Keep up to date with all the F1 news via Facebook and Twitter

Andrew Lewin

Andrew first became a fan of Formula 1 during the time when Michael Schumacher and Damon Hill were stepping into the limelight after the era of Alain Prost, Nigel Mansell and Aryton Senna. He's been addicted ever since, and has been writing about the sport now for nearly a quarter of a century for a number of online news sites. He's also written professionally about GP2 (now Formula 2), GP3, IndyCar, World Rally Championship, MotoGP and NASCAR. In his other professional life, Andrew is a freelance writer, social media consultant, web developer/programmer, and digital specialist in the fields of accessibility, usability, IA, online communities and public sector procurement. He worked for many years in magazine production at Bauer Media, and for over a decade he was part of the digital media team at the UK government's communications department. Born and raised in Essex, Andrew currently lives and works in south-west London.