Jul.13 (GMM) Haas’ disruptive and highly controversial title sponsor could be wound up.
Rich Energy, an elusive British energy drink, has been hogging the headlines this weekend as an internal battle for control of the company became highly public.
“We were briefed that there was a … an incident,” driver Kevin Magnussen told BT newspaper.
Rich Energy boss William Storey, who it subsequently emerged has been ousted, had announced via Twitter that the company would no longer sponsor Haas.
But Haas’ other shareholders said they were still committed to the American team.
The F1 team is clearly concerned.
A letter from Haas’ lawyer to the shareholders reads: “We are somewhat at a loss as to how you will be able to wrestle control of the company from Mr Storey.”
But that’s not the biggest problem. Whyte Bikes, which is owed $44,000 by Rich Energy after a logo dispute, is threatening to have the company wound up.
“(Whyte) will now be forced to take appropriate action to recover the costs that they have been awarded. This may include applications to the Court to wind up Rich Energy and petition for the bankruptcy of Mr Storey,” a statement read.
Magnussen said the title sponsor debacle is not shaking his faith in Haas.
“I’m staying with the team and supporting them. In the long run, I’m not worried,” he said.
12/02/2019 Haas sponsor sued over logo Feb.12 (GMM) The controversy around Haas' new title sponsor continues.
Already, there is scepticism about the legitimacy of Rich Energy, a British energy drink headed by the long-bearded […]
15/05/2019 Haas may need to tweak 2019 F1 car livery May 15 (GMM) Haas may need to tweak the livery of its 2019 car following a court ruling.
In February, we reported that the American team's new title sponsor, Rich Energy, was being sued […]
15/09/2017 Magnussen would jump at ‘top team’ chance Sep.15 (GMM) Kevin Magnussen says Haas would not stand in his way if a top team came knocking for him.
After ill-fated adventures at McLaren and Renault, the Dane landed at the American […]
25/08/2018 Magnussen expects Haas announcement ‘soon’ Aug.25 (GMM) Kevin Magnussen has given the strongest indication yet that he is staying at Haas in 2019.
The future of his teammate Romain Grosjean, who has struggled in 2018, is much […]
15/11/2017 Magnussen heading to court in January Nov.15 (GMM) Kevin Magnussen will be heading to court next January.
Earlier this year, we reported that the Haas driver's ousted former manager Dorte Riis Madsen is suing Magnussen for […]
22/06/2018 Magnussen not focusing on court case Jun.22 (GMM) Kevin Magnussen says he is not focusing on a court case involving his former manager.
The Danish press is full of reports about a case brought by Dorte Riis Madsen, who is […]
21/04/2016 Magnussen never received McLaren road car Apr.21 (GMM) Kevin Magnussen claims he never received his company car, after racing and testing for the McLaren team for more than two years. The Dane had to apologise to McLaren fans […]
11/07/2019 Haas title sponsor terminates F1 deal Jul.11 (GMM) Haas' controversial title sponsor has pulled the plug.
In a single bizarre tweet, Rich Energy announced that the deal has been "terminated" in the days before the British […]