William Storey, the outspoken and controversial founder of former Haas F1 team sponsor Rich Energy, has pulled out of the race to buy Reading Football Club.
Haas will not allow the Uralkali fallout to force the team into finding a “quick fix” replacement for a F1 title sponsor, insists team principal Gunther Steiner.
The future of Rich Energy's title sponsorship at Haas will be resolved by the Singapore Grand Prix, according to the team's Formula 1 chief, Gunther Steiner.
As important and as intricate as the chassis design of a Formula 1 car can be, the most explicit way fans will view them is through their liveries and colour schemes.
A decision on whether or not Rich Energy will continue to serve as the title sponsor of Haas will be taken over Formula 1's summer break, according to team boss Günther Steiner.
Sponsorship in Formula 1 is going through a funny phase right now. While blue-chip brands and big names such as Shell or Heineken remain heavily involved, plenty of new, more niche names are also joining the sport.
Haas Formula 1 chief Güenther Steiner says he wants to avoid a “war of words” over a claim Rich Energy has cancelled its title sponsorship agreement, but plans to deal with the matter following this weekend’s British Grand Prix.
Rich Energy has terminated its Formula 1 title sponsorship deal with Haas ahead of this weekend’s British Grand Prix. In a brief statement issued on social media, Rich Energy said it had ended its contract with Haas on Wednesday, citing “poor performance”.
Rich Energy, the title sponsor of the Haas Formula 1 team, has been ordered to provide full financial details of its dealings having been denied an appeal after losing its court case.
Haas title sponsors Rich Energy have requested the team removes its stag logos from its Formula 1 team branding and its car due to its ongoing legal dispute with Whyte Bikes.
Rich Energy, the title sponsor of the Haas Formula 1 team, has lost a legal battle over its stag logo after being adjudged to have copied the design of a bicycle company.
Romain Grosjean fears the performance gap between the top Formula 1 teams and the midfield will remain too large and not give more teams chances to win before the expected 2021 rules overhaul.