Petronas are to end their sponsorship of the Sepang Racing Team at the end of 2021. The news had been reported for a couple of days, but this morning, an official press release came from the Sepang International Circuit announcing the news officially.
Petronas had been title sponsor to the team since 2018, when they only had teams in the Moto2 and Moto3 classes. The next year, they increased the budget to allow them to expand into MotoGP. Three seasons later, they are pulling out of sponsorship once again.
The consequences of this have yet to be announced. The team is set to make an official announcement at Silverstone, in two weeks time. But the team is expected to be reducing their presence in the MotoGP paddock to just the MotoGP team, closing their Moto2 and Moto3 teams.