News Details

Uralkali wants its money back, Haas wants compensation!

Haas has formally rejected a claim by former sponsor Uralkali that it must refund $13 million of sponsorship money, with the US outfit seeking a compensation for "loss of profits" of $8.6 million. Ahead of the start of the F1 season, Haas severed ties with its driver Nikita Mazepin and with its Russian title sponsor, chemical giant Uralkali - majority owned by Mazepin's father Dmitry - in the wake of Russia's invasion of Ukraine. But Uralkali disputed the termination of the contract and said at the time that it intended "to protect its interests in line with applicable legal procedures" while it also reserved its rights "to initiate judicial proceedings, claim...
Full Story »
2y ago from F1i.com 0
Share

You May Also Be Interested In...

Mazepin doesn't get his pennies: Haas demands...

Because of the war in Ukraine Haas tore up the contract with sponsor...
2y ago from GPBlog.com

Mazepin refuses to comment on Russia's invasion of...

Nikita Mazepin intends to fight against the sanctions placed upon him by...
2y ago from Formula1News.co.uk

Mazepin properties worth $110-million seized in Italy

Italian government agents have seized properties worth some 105 million...
2y ago from GrandPrix247.com

New money row brewing in F1 paddock

Apr.9 A new financial row is brewing in the Formula 1 paddock. As...
2y ago from OneStopStrategy.com

Elsewhere On The Network

Popular On MGPToday.com

Neil Hodgson: Pramac Yamaha MotoGP acquiring Jack...

TNT Sports pundit Neil Hodgson says Pramac Yamaha acquiring the services...

Pierer Mobility Group restructuring plan approved by...

The Pierer Mobility Group's restructuring plan to ensure KTM's survival...
21h ago from MotorsportWeek.c...

BMW Motorrad looking to buyout KTM – report

Reports indicate that German manufacturer BMW Motorrad is looking to buy...

Popular On IndyCarToday.com

Zak Brown outlines investment that could maximize...

McLaren Racing CEO Zak Brown has released a public letter covering...

Team Penske quickest in final IndyCar test day

The NTT IndyCar Series held its second and final preseason open test day...

Pit lane speed adjustments made for 2025 IndyCar season

The NTT IndyCar Series has announced a few changes for the upcoming 2025...

Pato O’Ward fastest in first day of IndyCar...

The entire NTT IndyCar Series paddock set up shop in Sebring, Florida on...

Popular On TotalWRC.com

WRC drivers follow F1 in statement to FIA president

World Rally Championship drivers have penned a strongly-worded statement...

Elfyn Evans wins Rally Sweden by a whisker

Super Sunday on Rally Sweden was just that! After 300km of hard racing,...

Elfyn Evans under pressure on Rally Sweden –...

Elfyn Evans and Scott Martin maintained their lead on Rally Sweden after...

Popular On GunnersToday.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.