T he future of Virgin Racing is assured. On the sidelines of the GP Abu Dhabi, the racing team announced the entry of Marussia Motors. However, it was agreed not to disclose the amount and price at which the Russian sports car manufacturer bought Timo Glock's team.
'This is definitely good news for Virgin and for Formula 1,' said Virgin Racing CEO Graeme Lowdon. Marussia was already an important sponsor and partner of the team during the current season. Now the company is increasing its commitment to the Formula 1 newcomer. In addition to the acquisition of shares, sponsorship will also be expanded.
'Marussia Virgin Racing'
'This announcement consolidates our place on the grid and is proof of the hard work and that Commitment from every single team member, 'said Lowdon happily. The most important external distinguishing feature of the new partnership is the renaming of the team to 'Marussia Virgin Racing'.
With the entry into Virgin, the Russian influence in Formula 1 continues to increase. Vitaly Petrov (Renault F1) has been the first Russian driver to compete in the premier class since the start of the season. In 2014, Sochi will host a Grand Prix race on Russian soil for the first time. Most recently, even Prime Minister Vladimir Putin showed himself in Formula 1 fever when he drove a Renault Formula racing car near St. Petersburg.
Marussia's long-term plans
Marussia wants to follow their own Long-term cooperation with Virgin statement. However, the new co-owner does not want to influence the structure of the racing team. Richard Branson, CEO of Virgin, was pleased with his Russian co-owners: 'Virgin is delighted to have a partner who shares our vision and spirit of challenging the established teams. We look forward to working with them and sharing them the team in Formula 1 to move forward. '