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| Betting firm SportPesa has unveiled its latest sponsorship deal; an estimated multi-billion shilling arrangement with Formula1 team Racing Point. |
As per details of this deal which is expected to last three years, Spanish ace Sergio Perez and Lanze Stroll will be at the cockpits of the cars belonging to the new outfit.
"SportPesa are a young dynamic, growing company whose values align with our own vision to become a team capable of competing at the very front of the grid," said Otmar Szafnauer, Team Principal and CEO of SportPesa Racing Point.
Formula One is a popular annual motor-racing competition involving the highest class of single-seater sanctioned by the Federation International de Automobile. The results of each race are evaluated using a points system to determine two annual World Championships.
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