From next year, the outfit will officially be known as the McLaren Mastercard Formula 1 Team, following Mastercard's arrival as the team’s new title sponsor. The announcement was made on Wednesday during an event in Amsterdam.

McLaren CEO Zak Brown reacting to the announcement stated: “There is no one more important to us than our awesome fans, so I could not be more delighted to enter this next chapter in our partnership with Mastercard with a promise to our Papaya Family around the world: that we will continue to put our fans first, bring them even closer to the team, and offer incredible experiences.''

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The 94-year-old, who spoke in an interview via German outlet Sport.de, urged the four-time world champion against considering a move to join the Scuderia Ferrari team. In the words of the motorsports chief, a move to the Italian outfit ‘would be the end of his career.’

Despite Max Verstappen shutting down the rumours surrounding his immediate future that had dominated the Formula 1 scene in recent months with the confirmation of his staying at Red Bull Racing, Formula 1 'supremo' Bernie Ecclestone has identified one move that could potentially spell the end of the Dutch driver’s career.