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Hormann have now pulled their backing, and a line of Audemars Piguet watches in honour has reportedly been withdrawn from the collection.

Jet Set, Navyboot, Rosbacher and Erlinyou have already withdrawn their sponsorship, while the report claims that "others have negotiated a reduction" in the amount paid to the former Benetton, Ferrari and Mercedes driver.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

Recent Posts

Mercedes ‘ticking all the boxes’ but Russell dismisses title hype

Three races into the 2026 season, and Kimi Antonelli and George Russell find themselves in…

32 minutes ago

A grid of opportunity: BYD considers leap into Formula 1!

In Formula 1, whispers often travel faster than the cars themselves. And lately, one name…

2 hours ago

How Hadjar engineered his leap to ‘weird’ Red Bull seat

During his 2025 rookie season in F1, Isack Hadjar carried himself with a calm, almost…

3 hours ago

Horner in Jerez: Surprise MotoGP visit sparks ownership rumors

The asphalt at Jerez was already sizzling on Saturday, but the temperature in the MotoGP…

21 hours ago

Michele Alboreto: Ferrari's last Italian winner

On this day in 2001, the world of motorsport mourned the loss of Michele Alboreto,…

23 hours ago

Ouch! Alesi spins vintage F1 Ferrari into Monaco barrier

Former Grand Prix driver Jean Alesi, who famously wore his heart on his sleeve during…

1 day ago