During an interview with
No financial or stakeholder details were given at the Abu Dhabi Grand Prix but Virgin Racing boss John Booth said the four-year sponsorship deal was substantial and had secured the team’s future.
He said Virgin would remain a British team.
“It is a significant investment, not a takeover,” he said. “The board structure stays pretty much the same and the management stays the same. And a takeover is not what they are looking for, they are looking to help the team grow.
“It makes us secure for four years, to 2014 which is when we go to Sochi,” added Booth. Russia is due to host a grand prix for the first time at the Black Sea resort that will also host the Winter Olympics in the same year.
“It allows us to be a little more ambitious in our planning.”
During an interview with
This initiative aims to minimise instances of illegal parking
Smart technologies provide precise recommendations, allowing construction teams to save time and effort
Three years after Yang Qian and Yang Haoran won the gold in Tokyo, compatriots Huang and Sheng made sure China retained it
Through this initiative, affected customers won't have to pay two instalments in one month
The astronauts are seen training and carrying an 'Olympic torch'
The Spaniard's impressive round puts him in the perfect position to clinch his first LIV title, as his team, Legion XIII lead the competition
The young motorist was immediately identified and summoned; his vehicle was also seized