New sponsor for British GP

The 'Foster's British Grand Prix' is set to be renamed as the 'Santander British Grand Prix' after race organizers are rumored to have signed a £6m deal with the Spanish bankers.

According to the Mail on Sunday newspaper, the tie-up should 'ensure that the race stays at Silverstone in the long term' and the sponsorship is 'further evidence of a move away from the reliance on tobacco and alcohol-related support.'

"It's absolutely fantastic news," former World Champion Nigel Mansell was quoted as saying. "Hopefully it means that the future of the British Grand Prix is now ensured for at least a few good years to come."