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 »
3y 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...
3y 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...
3y ago from Formula1News.co.uk

Mazepin properties worth $110-million seized in Italy

Italian government agents have seized properties worth some 105 million...
3y 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...
3y ago from OneStopStrategy.com

Elsewhere On The Network

Popular On MGPToday.com

Pedro Acosta reveals how ‘disaster’ Saturday...

Pedro Acosta revealed “KTM is improving in every race” after taking...
17h ago from MotorsportWeek.c...

Marc Marquez: ‘Not normal to win every weekend’...

Marc Marquez admits “it’s not normal to win every weekend” despite...

Popular On IndyCarToday.com

Popular On TotalWRC.com

Popular On GunnersToday.com

Kiwior linked with Porto, Berta's loan + obligation...

Morning. I know there's probably a cut-off point when it comes to Eberechi...
41m ago from Arseblog.com

Concrete negotiations: Arsenal involved in talks to...

According to journalist Florian Plettenberg, Arsenal have stepped up their...
1h ago from CaughtOffside.com

'He needs to liven up' - Rio Ferdinand offers advice...

Manchester United legend Rio Ferdinand has advised Altay Bayindir to liven...
1h ago from SportsKeeda.com

'He's got ability where you just can't teach it' -...

Arsenal hero Theo Walcott has compared teenager Max Dowman to Barcelona...
17h ago from SportsKeeda.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.