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  1. 2nd April 2009, 20:08 #1
    Daniel
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    Virgin agrees sponsorship deal with Brawn for 2010

    http://www.sportsprodailydeal.com/de...utm_medium=rss
    Rule 1 of the forum, always accuse anyone who disagrees with you of bias.I would say that though.
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  2. 2nd April 2009, 20:14 #2
    Malbec
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    Quote Originally Posted by Daniel
    http://www.sportsprodailydeal.com/de...utm_medium=rss
    So Brawn thinks that the team is worth a total of $30 million a year in sponsorship? That figure seems a little low to me, especially since the team stock has risen by winning its first race and looking mightily competitive.
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  3. 2nd April 2009, 20:16 #3
    Daniel
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    Quote Originally Posted by Dylan H
    So Brawn thinks that the team is worth a total of $30 million a year in sponsorship? That figure seems a little low to me, especially since the team stock has risen by winning its first race and looking mightily competitive.
    I agree. I think Virgin is getting a good deal out of it for sure.
    Rule 1 of the forum, always accuse anyone who disagrees with you of bias.I would say that though.
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  4. 2nd April 2009, 20:18 #4
    Malbec
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    Quote Originally Posted by Daniel
    I agree. I think Virgin is getting a good deal out of it for sure.
    Or the article is wrong...
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  5. 2nd April 2009, 20:20 #5
    woody2goody
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    They are going to have more sponsors though obviously...
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  6. 2nd April 2009, 20:23 #6
    ChrisS
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    the deal is similar to what Philip Morris has with Ferrari
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  7. 2nd April 2009, 20:23 #7
    ioan
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    Great news for Brawn, no matter what they are insured for next season.
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  8. 2nd April 2009, 20:29 #8
    Tazio
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    2nd Apr 09, 09:58
    Here is my take on this subject on another thread earlier this morning
    --------------------------------------------------------------------------------

    It looks like the Virgin Logo should be quite prominant in 2010
    Branson is going to ransom other commercial income.
    So If I'm reading this correctly,
    they might as well Change their name from Brawn to Virgin! Whatever

    Sir Richard Branson's Virgin Group is poised to strike the most extraordinary sponsorship deal with the new Brawn GP Formula One team. It has exchanged heads of agreement whereby Virgin Group will guarantee the team US$30 million in sponsorship for 2010 in exchange for exclusive rights to the team's commercial income from any further sponsorship it can gather.


    http://www.sportsprodailydeal.com/de...utm_medium=rss
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  9. 3rd April 2009, 00:24 #9
    AussieV8
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    What will be the typical budget of a team next year? With all the cost cutting, $30 million might not be the tiny amount that some people think it is.

    However, if the cost cutting is not implemented, Brawn may find itself backed into a corner as any further sponsorship they may attract goes to Virgin. ie: even if another $50 million worth of sponsors come on board, that goes to Virgin and not the team.
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  10. 3rd April 2009, 02:45 #10
    aryan
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    This is similar to the Ferrari deal with Philip Morris. Ross Brawn is of course, more than familiar with that deal.

    However, this also guarantees that Brawn is getting $30 million for 2010, and no more from sponsorship.

    No matter the cost cutting, this seems too low for me. They surely can't survive on that.

    Why such a low price? Considering their form?
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