Brawn GP has confirmed a major sponsorship deal with Sir Richard Branson’s Virgin Group this lunchtime in Melbourne.
Having been linked with a possible takeover of the Honda team over the winter, Virgin have agreed what will initially be a sponsorship deal but should lead to a broader relationship between the two companies. The car will be renamed the Virgin BGP 001, and will feature Virgin branding for the first time during qualifying for the Australian Grand Prix.
Speaking about the deal, team principal Ross Brawn said:…Â Details
The IRS says Brazilian race driver and “Dancing With The Stars†winner Helio Castroneves owes more than $2.3 million in taxes.
That testimony came Friday from IRS agent Joann Levitt in Miami federal court. Levitt said the total comes from unreported income and improper deductions from 1999 to 2004.
Castroneves, his business manager-sister and … Details
Jenson Button has revealed to being so excited at the prospect of racing this season he is currently enduring a few sleepless nights.
Just a month ago it appeared as if Button’s Formula One career was poised to stall as he remained without a seat following the fall of Honda Racing.
But then came salvation in the form of Ross Brawn’s management buy -out, and now the 29-year-old heads into Sunday’s Australian Grand Prix as one of the favourites for victory.
The team’s cause has at least been aided by race stewards yesterday clearing their cars of running an illegal …Â Details
The high-pitched whine of Formula 1 engines was suspiciously absent from the Circuit de Catalunya on the outskirts of Barcelona earlier this month during a testing session for the coming Grand Prix season. A thick blanket of fog covered the course, and the racing teams waited idly for it to clear, making last-second tweaks before testing resumed. Mother Nature doesn’t often concern herself with metaphors, but this scene was eerily apt.
The sport has endured some rough weather in recent years. First came the retirement of its biggest star, Michael Schumacher, and uncertainty over whether a marquee name would replace him. Then there was Spygate — a 2007 scandal in which the McLaren team was alleged to have … Details