In the first major sponsorship announcement of the year the Caterham F1 team announced today that they have entered into a multi year agreement with Visa one of the world's leading credit card company's. The deal is a corporate partnership which will see the company become the team's official hospitality and experiential partner.
The deal also means that the Visa logo will appear on the Caterham CT01 aswell as the on the driver's and team's clothing.
The deal is announced on the eve of the opening GrandPrix of the 2012 season. I believe that is this is great news not just for the Caterham team but for Formula One as a sport because the announcement means that despite the current economic down turn the company's like Visa are still extremely keen to be associated with Formula One, the pinnacle of Motorsport.
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