On December 21, the team announced that Malaysian oil supplier Petronas would join the team as the main sponsor. The team will compete under the full title of Mercedes GP Petronas Formula One Team. According to some reports, the sponsorship is valued at thirty million Euros each year. Together with the fifty million the team received for winning the 2009 championship as Brawn, Mercedes has a budget of eighty million Euros before spending any of their own money.