Formula 1
Formula 1
30 Apr
-
03 May
FP1 in
70 days
07 May
-
10 May
FP1 in
77 days
21 May
-
24 May
FP1 in
90 days
R
Azerbaijan GP
04 Jun
-
07 Jun
FP1 in
105 days
11 Jun
-
14 Jun
FP1 in
112 days
25 Jun
-
28 Jun
FP1 in
126 days
02 Jul
-
05 Jul
FP1 in
133 days
16 Jul
-
19 Jul
FP1 in
147 days
R
Hungarian GP
30 Jul
-
02 Aug
FP1 in
161 days
27 Aug
-
30 Aug
FP1 in
189 days
03 Sep
-
06 Sep
FP1 in
196 days
R
Singapore GP
17 Sep
-
20 Sep
FP1 in
210 days
24 Sep
-
27 Sep
FP1 in
217 days
R
United States GP
22 Oct
-
25 Oct
FP1 in
245 days
29 Oct
-
01 Nov
FP1 in
252 days
R
Brazilian GP
12 Nov
-
15 Nov
FP1 in
266 days
R
Abu Dhabi GP
26 Nov
-
29 Nov
FP1 in
280 days

Rich Energy investors trying to save Haas F1 deal

shares
comments
Rich Energy investors trying to save Haas F1 deal
By:
Jul 11, 2019, 9:03 AM

Rich Energy's shareholders are understood to be attempting to save the company's relationship with the Haas Formula 1 team after the company tweeted on Wednesday that the sponsorship deal had been terminated.

Sources have told Motorsport.com that the tweet was either written by or authorised by CEO William Storey without the knowledge of Rich's investors after an apparent difference of opinion.

Read Also:

The shareholders are keen to protect their investment in the brand, and that includes saving the relationship with Haas.

One source told Motorsport.com: "The deal is not terminated and William has no authority to do so. The investors are trying to clear up the PR mess, but it's business as usual."

The shareholders listed alongside Storey for Rich Energy UK are Brandsellers Holdings Ltd, Robert Lee, Charlie Simpson, Neville Weston and Lloyd Tunicliffe.

It's believed that the same investors are also involved in a separate holding company which is in effect where the power lies.

Former Sainsbury's boss Justin King, appointed as advisor to Storey and Rich's board of directors in April, is believed to be involved in sorting out the situation.

King's son Jordan, an IndyCar and F2 racer, had announced a sponsorship tie-in with Rich back in April.

On Thursday, Haas issued a statement quoting team boss Gunther Steiner as saying: "Rich Energy is currently the title partner of Haas F1 Team. I cannot comment further on the contractual relationship between our two parties due to commercial confidentiality."

There was no change in the Haas camp at Silverstone on Thursday, with the Rich Energy logos still on display.

Next article
London F1 race would need to "go past Buckingham Palace"

Previous article

London F1 race would need to "go past Buckingham Palace"

Next article

Williams F1 title sponsor deal extended through 2023

Williams F1 title sponsor deal extended through 2023
Load comments

About this article

Series Formula 1
Teams Haas F1 Team
Author Adam Cooper