Pirelli to sponsor two grands prix in 2014 3 March, 2014 Pirelli will become the title sponsor of the Spanish and Hungarian Grands Prix in 2014. The Italian company has been Formula 1’s often-controversial sole supplier of tyres since 2011, but this season will be the first time that grands prix are actually named after Pirelli. It has emerged that the Spanish Grand Prix in May will officially be called ‘Formula 1 Gran Premio de Espana Pirelli’, while the Budapest race in July will be ‘Formula 1 Pirelli Magyar Nagydij’. Pirelli’s motor sport boss Paul Hembery told reporters as the Bahrain test concluded on Sunday that the news will soon be announced officially. (GMM) Subbed by AJN. Reports on GrandPrix247.com by: staff & contributors, Reuters syndication, GMM service, Formula 1 teams, sponsors & organisations.