Marussia invests in Virgin Racing
November 11, 2010
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Nikolay Fomenko, owner of Marussia, with Lucas di Grassi and Timo Glock
Marussia, a Russian sports car manufacturer, has announced that it has invested in and acquired a “significant stake” in the Virgin Racing team. As well as this securing the team’s participation in the sport, it also means that the team will be renamed Marussia Virgin Racing next year.
For much of this year, word around the paddock was that a lack of investment, particularly from Richard Branson, was stunting Virgin’s progress. With this new company on board, the team claim that they can now “cement their place on the F1 grid”.
Marussia logos already appear on the Virgin cars, as they have sponsored them all year, and this investment is to promote Marussia’s venture into the European sports car market.