According to this article from the Beeb, SRB is about to announce that the Virgin group will be the official sponsor of the new Brawn GP Team (formally known as Honda F1).
Now this is an interesting one. Of course it marks the first real foray into sponsorship of a major team by the Virgin group (I think they sponsored the London Broncos Rugby League team back in the day and I think DJ have some sort of sponsor agreement at the moment).
Personally I think it will be a great way to get the Virgin brand further out there, especially in places like China, Abu Dhabi, Brazil etc that may be less used to the Virgin brand and then there is the TV audience which is huge.
And then there is the feel good factor of SRB supporting a British based company at a time when it has been struggling. Those of you not into F1 Honda was only changed into Brawn F1 at the last minute, it almost shut down completely causing potential loss of jobs in Brackley.
Of course there is the argument that the money could be spent on improving aspects of Virgin group companies but then again one does have to look at how much income the sponsorship will bring into those companies. If the deal costs 2m but brings in 20m clearly its worth it.
Now this is an interesting one. Of course it marks the first real foray into sponsorship of a major team by the Virgin group (I think they sponsored the London Broncos Rugby League team back in the day and I think DJ have some sort of sponsor agreement at the moment).
Personally I think it will be a great way to get the Virgin brand further out there, especially in places like China, Abu Dhabi, Brazil etc that may be less used to the Virgin brand and then there is the TV audience which is huge.
And then there is the feel good factor of SRB supporting a British based company at a time when it has been struggling. Those of you not into F1 Honda was only changed into Brawn F1 at the last minute, it almost shut down completely causing potential loss of jobs in Brackley.
Of course there is the argument that the money could be spent on improving aspects of Virgin group companies but then again one does have to look at how much income the sponsorship will bring into those companies. If the deal costs 2m but brings in 20m clearly its worth it.