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Virgin Group to announce F1 plans in a month

Published: Monday, Nov 2, 2009, 21:36 IST
Place: Milan | Agency: Reuters

Richard Branson's Virgin Group will announce in a month whether it will sponsor Formula One world champions Brawn GP again next season or invest in a new team.

"In a month we'll let you know our plans," Branson told a news conference in Milan on Monday after returning from the season-ending grand prix in Abu Dhabi.

Virgin has been linked in the media with a sponsorship deal with new team Manor GP for next year. Branson said he was fully behind Formula One plans to further cut costs.

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