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Virgin Racing and QNet ink new deal

News   •   Nov 17, 2010 17:17 SGT

PETALING JAYA: A new sponsorship deal has been inked between Virgin Racing’s Sir Richard Branson and QNet, a subsidiary of Hong Kong-based QI Group of Companies, which is controlled by Malaysian businessman Vijay Eswaran.

The season-ending F1 Grand Prix in Abu Dhabi saw Virgin Racing’s two race cars sporting the “QNet” logo on the sidepods of their cars, while racers Timo Glock and Lucas di Grassi also had the logo on their overalls.

“We see tremendous synergies between our two companies – the Virgin Group and QI. Both (companies) are aggressively expanding our businesses,” said Branson in a press statement.

Partners: Vijay and Branson sharing a light moment.


Branson, who heads the Virgin Group added that he was looking forward to collaborating with QNet on other projects as well.

The sponsorship is for the Formula One season next year.

Both companies shared a similar vision, said Vijay, who is executive chairman of the QI Group.

“I see this as the beginning of a journey between the QI Group and the Virgin Group with QNet and the Virgin Racing F1 Team kicking off the journey,” he said.

(Via Star http://thestar.com.my/news/story.asp?file=/2010/11/17/nation/7443961&sec=nation )

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