Brawn GP announces new associate sponsorUPDATE This three-year deal is thought to be worth $1.5 million per season for 3 years for a total of $4.5M.
04/16/09 Brawn GP is pleased to announce a new three-year partnership with successful foreign exchange trading company, M I G Investments.
Based in Neuchâtel, Switzerland, M I G Investments is a leading Swiss Forex broker founded and managed by the Mansour family. The company has experienced strong growth since its foundation in 2003, with 70 employees providing specialised FX services to clients in over 120 countries. In December 2008, M I G Investments submitted its application for a Swiss banking license.
M I G Investments' branding will appear from today on the front wing and nose of Brawn GP's championship-leading BGP 001 car as it takes to the track for the first of the practice sessions ahead of the Chinese Grand Prix which takes place this weekend at the Shanghai International Circuit. The M I G Investments logo will feature on the racesuits of drivers Jenson Button and Rubens Barrichello, and on the overalls of the Brawn GP race team, from the Spanish Grand Prix in May.
Ross Brawn, Team Principal at Brawn GP said: "We are delighted to welcome M I G Investments to Formula One and to the Brawn GP team. Our team has had a great start to the 2009 Formula One season and we are very pleased to have secured our third new partnership. In a difficult economic climate, it is a positive sign that the appeal of Formula One continues to attract new companies to invest in our sport. We look forward to working closely with M I G Investments to help drive global awareness of their brand through the powerful communications platform of Formula One."
Hisham Mansour, CEO of M I G Investments commented: "We are extremely proud to be joining ranks with Formula One's newest sensation, the Brawn GP team. This collaboration marks an important synergy between two young, innovative and ambitious teams, both leaders in our respective fields. We share parallel formulas for success and believe strongly in the power of innovation, teamwork and dedication. Our partnership with Brawn GP is further testimony to our strong industry position and confidence. We look forward to a fruitful and rewarding relationship together."
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