Sir Richard Branson has begun to appear on guest lists at the Albert Park circuit, intensifying speculation his Virgin brand is set to sponsor the Brawn team.

Sir Richard Branson has begun to appear on guest lists at the Albert Park circuit, intensifying speculation his Virgin brand is set to sponsor the Brawn team.

An announcement is expected on Saturday. "I've heard the rumour, we'll find out tomorrow," team chief executive Nick Fry told the BBC in Melbourne.

"Virgin and Brawn have come to commercial terms which he (Branson) thinks are viable," F1 chief executive Bernie Ecclestone confirmed to the Times. "Both he and the team are happy."

The 78-year-old billionaire said he was so keen on bringing Branson into formula one that he would even have proceeded without Brawn's support.

"I've been pushing, pushing, pushing and pushing. If they hadn't done it, Richard and I would have done it anyway.

"But I am delighted they have just got going on it and have a deal in place. It's good for the team, it's good for formula one, I'm very happy with it," Ecclestone added.

 

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