Credits: IMAGO / Icon Sportswire
Financial woes haunt Haas once again as recent off-track developments mean that the American outfit has to pay $13 million to its past Title sponsor Uralkali. As confirmed by Speedweek, an arbitration court in Switzerland has ruled against Haas, in a case that stemmed from their separation from Uralkali in 2022.
The Uralkali branding in Haas’ cars paid tribute to Russia (its home country) with the colors red, white, and blue running through. Nikita Mazepin, former-owner Dimitry’s son was also part of the team, and it was common knowledge that Haas relied heavily on Russian money.
Haas is running a plain white livery today after removing all Uralkali branding and Russian flag colours from its car. pic.twitter.com/7XrCT9kTbJ
— ESPN F1 (@ESPNF1) February 25, 2022
However, things fell apart between the two parties following Russia’s invasion of Ukraine in 2o22. Uralkali and its branding were removed from all Haas cars and garages just days before the season kicked off. Shortly thereafter, Mazepin was also replaced by Kevin Magnussen.
Uralkali wasn’t happy with the decision. They issued a statement insisting that sports and politics shouldn’t mix, and outside factors shouldn’t govern the workings within an F1 team. Additionally, they told the authorities that they had paid most of the sponsorship money to Haas and that the Kannapolis-based outfit failed to meet its obligations.
As a result, Uralkali wanted $13 million in compensation. Haas meanwhile, made a claim for $8.4 million, which was the remainder amount of the sponsorship deal with the Russians. Now that the court has ruled in favor of the former, they await Haas to meet the obligations as soon as possible. Even if they do, their troubles are far from being over.
Haas has another court case they need to deal with
In late April earlier this year, news emerged of former Team Principal Guenther Steiner taking Haas to court. The Italian-American reportedly sued them on two grounds. Firstly, for unpaid commissions and secondly, for using his likeness in promotional materials and merchandise.
Breaking: Guenther Steiner, founder of the first American Formula One team since the '80s, sued Haas Formula in Charlotte court today over unpaid commissions. #FormulaOne
Story to follow. pic.twitter.com/UPpqnL5mIq
— Sydney Haulenbeek (@SKHaulenbeek)
April 30, 2024
In response, Haas put up a case against Steiner. This was about a trademark issue in Steiner’s autobiography titled ‘Surviving to Drive’. Haas argued that the book has unlawfully used and displayed the team’s automation trademarks for personal gain and illicit profit.
As a result, Haas is seeking compensation for damages over the use of their trademarks and images. As things stand, the complaint has been made against Steiner and Ten Speed Press, the publisher of the book.
News
Cardi B makes her grand arrival at Beautycon NYC in a full length fur ensemble and oversized floppy hat
Better late than never. After some worrisome moments, an apologetic Cardi B made her grand arrival at the yearly beauty festival, Beautycon, in New York City four hours late on Sunday. And the superstar rapper did not skimp when…
Cardi B made waves when she performed in a pink and blue feather outfit on a hip hop cruise hosted by DJ Khaled
Cardi B made waves when she performed in a pink and blue feather outfit on a hip hop cruise hosted by DJ Khaled. The event, already buzzing with excitement, reached new heights the moment Cardi B took the stage. Her…
“It’s a Sha’Carri Richardson summer”; “The duo I always knew we needed” – Fans react to American sprinter’s collab with Cardi B
American track and field world champion Sha’Carri Richardson and rapping icon Cardi B left fans awestruck as the two recently shared the same stage in their recent collaboration. Richardson is gearing up to make it to her maiden Olympic…
CARDI B SAYS SHE HASN’T COLLABORATED WITH RIHANNA BECAUSE ‘SHE SOUND KINDA STUPID’ TRYING TO FIT HER STYLE
Cardi B delved into her collaboration aspirations and shared her admiration for fellow artists, particularly Rihanna. In a recent interview with Million Dollaz Worth of Game, Cardi shared a deep respect for her musical peers and her approach to creating…
Cardi B Shoppiпg at Maria Tash Jewelry oп Melrose Place iп LA
Cardi B, the Grammy-wiппiпg rapper aпd fashioп icoп, was receпtly seeп eпjoyiпg a shoppiпg spree at Maria Tash jewelry oп Melrose Place iп Los Aпgeles. Kпowп for her bold fashioп choices aпd love for extravagaпt accessories, Cardi B was right…
Cardi B Explodes oп Offset’s Mom for Coпcealiпg Offset’s Affair
Cardi B is fightiпg for her life oυt here! We thoυght it was bad eпoυgh wheп she was dealiпg with Offset’s side chicks oп social media, bυt пow she’s υp agaiпst his family, especially his mom. Cardi claims that Offset’s…
End of content
No more pages to load