MF1 Racing signs two-year sponsorship deal

MF1 Racing, the Formula One team owned and operated by the Midland group, has signed a two-year partnership agreement with Austrian energy drink company Rhino's.

Rhino's boss Falk Raudies said: "Our ambition is to establish ourselves as the undisputed number two player in the global energy drink sector by 2008, and we see F1 as an effective platform for creating brand awareness in new markets."