Reports revealed by GMM news agency show that Virgin Group's initial sponsorship deal with Brawn GP was to secure the latter some $250,000 per race. That means only $1.5 million have so far entered the accounts of Ross Brawn's team, in addition to the team's other sponsorship deals. Needless to say, this doesn't translate into a hole lot of cash, considering the high expenses of an F1 outfit.
Although Branson showed no sign of taking his sponsorship of the F1 frontrunner to the next level, team's CEO Nick Fry is not at all worried about Brawn GP's financial health in the near future. As revealed by the 52-year old Englishman, Ross Brawn's team has plenty of offers to choose from, therefore the Virgin Group situation is far from worrying.
In addition, Fry suggested that the British outfit has already secured enough funds to bring this successful 2009 campaign to an end. So even if no more sponsorship deals are in sight for this year, Brawn GP fans out there should not panic, insisted the CEO.
“There is no issue whatsoever with funding through this year. Even if we didn't get another penny in sponsorship we'd be able to do what we need to do. The beauty in our situation is that we don't need to take the first deal that comes along; indeed we haven't taken the first deal that comes along,” Fry was quoted as saying by British broadcaster ITV.