Foster's confirms F1 involvement

The Australian beer company has moved quickly to scotch reports that it is reducing its involvement in Formula 1.

Foster's is one of the world's best-known supporters of Formula 1 and has been associated with the sport for over 20 years. Foster's sponsors three races: the Australian, San Marino and British Grands Prix and has premium trackside signage rights at 12 races and beer pouring rights at 13 races each year.

Foster's says that it has long term arrangements in place with F1 as the Official Beer of Formula One and with the world surfing championship competition, as title sponsor of the Foster's Men's World Tour and that it remains committed to supporting both of these important, global properties.

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