Watching the Formula One qualifying a question occured to me regarding the ban on cigarette advertising at some races. What is to stop, for example, Marlboro from creating another company also called Marlboro that doesn’t do anything except sponsor sporting events. Technically the company sponsoring the event/team isn’t a cigarette company and is advertising it’s own product (though they may not necessarily make anything).
The problem with what you propose is that the company created to sponsor events would still be funded with tobacco sales and the logo would still be that of the brand of tobacco being sold to fund the sponsorship. Creating a shell company changes nothing.
Unless the funds are coming from the backdoor of Kraft. Then it would be funded by cheese sales via Altria. Probably not though. 
FYI, Marlboro is not a company. Marlboro is a product of Philip Morris.
Yeah, but if the Marlboro sponsorship gets funded from cheese sales, the product manager over at Kraft is going to throw a serious temper tantrum. I can’t imagine that would be a pretty sight.