News Details

Williams handed $32 million windfall by US Court!

Williams Racing was handed an early Christmas present on Thursday when a US Court ordered former sponsor ROKiT to pay the Formula 1 team over $32 million for reneging on a commercial deal between the two parties. Williams brought telecommunications company ROKiT onboard ahead of the start of the 2019 F1 season. Mid-way through that year's campaign, the two partners agreed on an extension of their deal to the end of 2023. Mid-way through that year's campaign, the two partners agreed on an extension of their deal to the end of 2023. But in May 2020, just a month before the start of F1's Covid-impacted season, Williams suddenly terminated its sponsorship deal with ROKiT. ©Williams It...
Full Story »
1y ago from F1i.com 0
Share

You May Also Be Interested In...

Williams wins lawsuit from former sponsor and gets 27...

Williams has won a landmark court case. A California court has ruled in...
1y ago from GPBlog.com

Judge rules in favour of Williams: sponsor must pay...

Williams has won a landmark court case. A California court has ruled in...
1y ago from GPBlog.com

Williams awarded £26 million in court case against...

Article To news overview © XPBimages The former title sponsor of...
1y ago from RacingNews365.com

Fernando Alonso handed boost via £200m Aston Martin...

Aston Martin are edging ever closer to having the facilities in place to...
1y ago from Formula1News.co.uk

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

IndyCar Detroit – Race Results

The NTT IndyCar Series held a race on the streets of Detroit this weekend,...
17h ago from MotorsportWeek.c...

Dixon wins crash-filled IndyCar Detroit GP

IndyCar romped around the streets of Detroit this weekend, and it was...
17h ago from MotorsportWeek.c...

Popular On TotalWRC.com

Ott Tanak takes victory by two-tenths!

In a final twist of fate, Ott Tanak and Martin Jarveloja won WRC Rally...

Popular On GunnersToday.com

Arsenal transfer rumours: Who could join this summer?...

Sports Mole rounds up every player linked with joining Arsenal this...
45m ago from SportsMole.co.uk

Potential Arsenal boost as Chelsea cool transfer...

Arsenal may have been handed a boost in their rumoured pursuit of the...
45m ago from CaughtOffside.com

Exclusive: Emery makes Watkins sale position clear as...

Aston Villa are looking to build on their Champions League qualification...
1h ago from CaughtOffside.com

Arsenal transfer rumours: Who could leave this summer?...

Sports Mole rounds up every player linked with leaving Arsenal this...
1h ago from SportsMole.co.uk

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.