Onestopstrategy forum     |     news feed     |     Online games     |     shop     |     insurance broker     |     advertising
 
Welcome on DailyF1News.com
You are not logged in or not registered yet
Click here for more information about an Account
Register | Log in | Passwordmailer
Frontpage   |   Calendar   |   Photos   |   Drivers   |   Teams   |   Results   |   Game   |   Standings Formula 1 on Tuesday 9 March 2010
 
Leaked email says Virgin buying Manor stake
Friday 3 July at 10:28 : Jul.3 (GMM) Virgin has decided to buy a share of the new Manor formula one team, a leaked email has confirmed

Sir Richard Branson's brand currently backs Brawn GP but the British billionaire suggested recently that the success of the team in 2009 had sent its 2010 sponsorship price too high

We reported last week that Virgin may already have signed a deal to re-name and possible buy into the new 2010 entrant Manor, which involves FIA president Max Mosley's former Simtek colleague Nick Wirth

Recent reports indicated that Mosley's FIA representative at grands prix and chief steward Alan Donnelly may also be involved, confirmed now in the pages of the Guardian newspaper

An email authored by Donnelly indicates that the Virgin-Manor linkup was in place even before Manor was selected to join fellow new teams US F1 and Campos on the 2010 grid

Donnelly wrote: "Virgin have signed to be investment partners with a shareholding of around 20 per cent."nnDonnelly's questionable neutrality is also likely to return to the spotlight due to his arranging of meetings with Manor officials and a member of the Saudi royal family

His email, attached to a draft Manor sponsorship and investment agreement, goes on: "I will be in the Kingdom of Saudi Arabia and look forward to seeing you at our planned meeting ... with representatives of Manor and Virgin

"However if you would like a pre-meeting with me privately on Sunday then please let me know," Donnelly added

Virgin and Manor did not comment, while Donnelly insists the email is not evidence of improper behaviour as he was already in Saudi Arabia on official FIA business

Manor boss John Booth, meanwhile, told the English newspaper Dinnington Guardian that the team's commercial package will be confirmed in the next few months, followed by announcements about drivers in October
Previous article Discuss this article on our forum Previous article
Related articles
08-03 Established teams want Virgin to fail - Wirth 0
13-02 Virgin gets laps on the board at drying Jerez 0
12-02 No sign of Virgin at damp and dim Jerez 0
12-02 Newey doubts Virgin's no wind tunnel route 0
11-02 Virgin stop testing after wing failure 0
If you want to react, you have to be logged in
Register now for an account and take the advantage of the benefits
 
Useroptions
Search for more articles in the newsarchive
Print this article
Mail a copy of this article
Daily F1 Headlines
McLaren taking alternate bodywork to Bahrain 0
Paffett to be McLaren reserve early in 2010 0
Coulthard joins Ferrari in slamming F1's new teams 0
Gauteng terminates Sauber sponsor deal 0
New teams to make practice 'more difficult' - Button 0
Webber lost weight after final leg surgery 0
Chandhok thanks Ecclestone for 'superb support' 0
Renault 'not running smoothly' - Hulkenberg 0
Rome to be on 20-race calendar in 2013 - Ecclestone 0
Drivers begin to arrive in sunny Bahrain 0
McLaren check delayed, new innovation spotted 0
Vettel names 2010 car 'Luscious Liz' 0
DailyF1News Magazine
Register now for the DailyF1News Magazine and you will receive a copy in your mailbox every Monday after the race. With the latest news and results from out the paddock of Formula 1.
Click here for more information
Dossier: Insight from the Outside
12.12 - Where to for Heiki?
30.10 - Of bendy floors and McLaren protests
29.10 - Where to for Fernando?
26.10 - Top ten unpublished stories of 2007
Click here for more articles in this dossier
 
 
 
16 Most recent photo's:
Hispania Racing Hispania Racing Hispania Racing Hispania Racing Hispania Racing Hispania Racing HRT F1 HRT F1
lada logo on the renault r30 lada logo on the renault r30 Lewis Hamilton, McLaren Lewis Hamilton, McLaren Lewis Hamilton, McLaren Lewis Hamilton, McLaren Jenson Button, McLaren Jenson Button, McLaren
Copyright ©2010 Onestopstrategy.com Powered by Websitefreelancers.nl Contact | Advertising | Vacancies | Pricacy Statement
Knowledge about F1?
Bet on F1?