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Williams win $35m legal case against former title sponsor
Article To news overview © Williams Williams have won $35.7 million in arbitration after the team's former title sponsor, ROKiT, pulled out of a pair of multi-year sponsorship deals. Williams and ROKiT joined forces ahead of the 2019 season on an initial three-year contract, which was soon extended by a further two years – meaning the partnership should have lasted until at least the end of 2023. But prior to the 2020 season, which was delayed by the COVID-19 pandemic, ROKiT reneged on the deals and left Williams without a title sponsor. As per a report by Law360.com, ROKiT had agreed to pay varying instalments at prescribed times. Arbitrator Klaus Reichert SC found that while ROKiT...
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3y ago from RacingNews365.com
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