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Virgin to announce F1 plans in a month

MILAN (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.

02 November 2009 13:02 GMT

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MILAN (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.

(Reporting by Mark Meadows; Editing by Ken Ferris)

(c) Reuters 2012. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

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