‘LG’ to sponsor F1 team?

Electronic giant 'LG' may become a F1 team sponsor in 2006. BAR is the favorite, according to speculation, with McLaren also in with a shout. LG, already the main sponsor of British broadcaster ITV's GP coverage and last year's F1 car parade in Regent Street, admitted they are 'dipping our toe in' this year. The spokesperson told the April edition of F1 Racing magazine: ''If (the ITV sponsorship) is successful, we will look at our options.'' 'LG' appeared on the Minardi car, back in 2001.