News Details
Haas settles financial dispute with Uralkali, avoids seizure of assets
©Haas Phillip van Osten
25/08/2024 at 16:2425/08/2024 at 17:15 Haas has successfully resolved its ongoing financial dispute with former sponsor Uralkali, averting a potential seizure of its assets at the Dutch Grand Prix. The dispute arose after Haas terminated its sponsorship agreement with Uralkali in 2022, following Russia's invasion of Ukraine. The fertilizer giant, owned by Dimitry Mazepin, had sought to recover a portion of the sponsorship payments made for the 2022 season. A Swiss arbitration Court upheld Haas’s right to terminate the sponsorship agreement but ruled that the US outfit must return a portion of the sponsorship payment, specifically the amount that was applicable...
Full Story »
Full Story »
You May Also Be Interested In...
Haas facing threat of seizure of assets at Zandvoort...
©Haas Phillip van Osten
23/08/2024 at 13:33 Former Haas sponsor Uralkali...
1y ago from F1i.com
Haas settle F1 dispute with Uralkali, prevents asset...
Haas has settled its ongoing sponsorship dispute with Uralkali after the...
1y ago from MotorsportWeek.com
Haas ends F1 dispute with Russian sponsor
Aug.25 Haas has finally ended a long-running dispute with disgruntled...
1y ago from OneStopStrategy.com
Uralkali attempt to seize Haas F1 assets amid missing...
Haas' former title sponsor, Uralkali, has made a bid to Dutch courts in an...
1y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
Exclusive: Jorge Martin finalising two-year Yamaha...
No description available...
10h ago from Motorsport.com
Exclusive: Honda signs Fabio Quartararo for 2027...
No description available...
15h ago from Motorsport.com
MotoGP Sepang shakedown test: Schedule, riders and how...
No description available...
1d ago from Motorsport.com
Aprilia confirms Jorge Martin will miss Sepang MotoGP...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Cindric returns to Team Penske for 2026 as...
No description available...
2h ago from Motorsport.com
Tim Cindric returns to Penske in race strategist role
Team Penske has announced the strategist line-up for its 2026 IndyCar...
1h ago from MotorsportWeek.c...
D.C. race "would be massive opportunity for...
No description available...
1d ago from Motorsport.com
Ryan Briscoe to coach RLL drivers, fueling speculation...
Rahal Letterman Lanigan Racing has announced that it has brought on two...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
New WRC winter tyre expected in 2027 after Monte Carlo...
No description available...
7h ago from Motorsport.com
Why Thierry Neuville struggled in “most difficult”...
No description available...
1d ago from Motorsport.com
Rally USA return edges closer for 2027 as WRC plans...
No description available...
2d ago from Motorsport.com
More than 10 tuners interested in joining WRC under...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
'We'd have won that game if he was playing' - Ian...
Arsenal legend Ian Wright has made a bold claim about Manchester United's...
2h ago from SportsKeeda.com
'They gave us a bit of hope' - Manchester City star...
Manchester City midfielder Bernardo Silva has said that Arsenal dropping...
5h ago from SportsKeeda.com
Scouting mission confirmed: Man Utd step up move for...
Manchester United have been linked with Nathaniel Brown in recent weeks,...
7h ago from CaughtOffside.com
Paul Merson predicts Leeds vs Arsenal, Tottenham vs...
Some unbelievable stuff happened in the Premier League last weekend! I...
9h ago from SportsKeeda.com
Comments
Hottest News
Radical Aston Martin breaks cover as revolutionary design...
RacingNews365 technical analyst Paolo Filisetti... Read More »
4h ago from RacingNews365.com
LIVE: 2026 F1 Barcelona Pre-Season Test - Day 4
The fourth day of on-track action for F1 in 2026... Read More »
15h ago from RacingNews365.com
F1: Barcelona Day 4 Recap: Aston Martin
It's always a very positive moment when you run a... Read More »
52m ago from Pitpass.com
