News Details
Haas settles financial dispute with Uralkali, avoids seizure of assets
©Haas Phillip van Osten
25/08/2024 at 16:2425/08/2024 at 17:15 Haas has successfully resolved its ongoing financial dispute with former sponsor Uralkali, averting a potential seizure of its assets at the Dutch Grand Prix. The dispute arose after Haas terminated its sponsorship agreement with Uralkali in 2022, following Russia's invasion of Ukraine. The fertilizer giant, owned by Dimitry Mazepin, had sought to recover a portion of the sponsorship payments made for the 2022 season. A Swiss arbitration Court upheld Haas’s right to terminate the sponsorship agreement but ruled that the US outfit must return a portion of the sponsorship payment, specifically the amount that was applicable...
Full Story »
Full Story »
You May Also Be Interested In...
Haas facing threat of seizure of assets at Zandvoort...
©Haas Phillip van Osten
23/08/2024 at 13:33 Former Haas sponsor Uralkali...
1y ago from F1i.com
Haas settle F1 dispute with Uralkali, prevents asset...
Haas has settled its ongoing sponsorship dispute with Uralkali after the...
1y ago from MotorsportWeek.com
Haas ends F1 dispute with Russian sponsor
Aug.25 Haas has finally ended a long-running dispute with disgruntled...
1y ago from OneStopStrategy.com
Uralkali attempt to seize Haas F1 assets amid missing...
Haas' former title sponsor, Uralkali, has made a bid to Dutch courts in an...
1y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
How the Indonesian GP stirred memories of Suzuki...
No description available...
3h ago from Motorsport.com
Why Pedro Acosta thinks he is "maturing" as...
No description available...
8h ago from Motorsport.com
Injured Marc Marquez set to travel to Madrid after...
One week after securing his seventh MotoGP title, Marc Marquez will fly...
2d ago from MotorsportWeek.c...
Marc Marquez to miss Australia, Malaysia MotoGP races...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Lochie Hughes secures IndyCar reserve role with...
Andretti Global has announced a continued partnership with Lochie Hughes...
2h ago from MotorsportWeek.c...
IMSA’s AO Racing considering expansion, possibly...
AO Racing, one of the more popular teams racing in IMSA currently, is...
3d ago from MotorsportWeek.c...
Five IndyCar teams jump start offseason testing at...
Five different IndyCar teams completed a test at Mid-Ohio Sports Car...
5d ago from MotorsportWeek.c...
Mick Schumacher to make IndyCar test debut with Rahal...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Hyundai WRT on the attack
Hyundai Shell Mobis World Rally Team is not taking their 2025 drubbing at...
1w ago from MotorsportWeek.c...
Hyundai call set to boost Ott Tanak’s WRC title...
No description available...
2w ago from Motorsport.com
Mandated rest periods at WRC rallies to face FIA vote
No description available...
1w ago from Motorsport.com
WRC swaps Sardinia for Rome as home of Rally Italy...
No description available...
2w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal consider Emirates Stadium expansion to 70,000...
t;li>Move would restore biggest London club ground statusStadium work...
1h ago from TheGuardian.com
“They don’t understand football' - National team...
Sweden head coach Jon Dahl Tomasson has slammed critics of Arsenal striker...
4h ago from SportsKeeda.com
Arsenal invincible tells Mikel Arteta’s team what...
Arsenal legend Gilberto Silva has urged Mikel Arteta's side to create...
5h ago from SportsKeeda.com
Why Arsenal are considering switching to Wembley...
Arsenal are reportedly contemplating a drastic relocation of their home...
6h ago from CaughtOffside.com
Comments
Hottest News
Lewis Hamilton team-mate tensions unearthed as Ferrari...
Reports in the Italian F1 media claim that... Read More »
1h ago from GPFans.com
Piastri or Norris for 2025 F1 title? Supercomputer figures...
Latest Supercomputer simulations predict that... Read More »
2h ago from GrandPrix247.com
Hamilton claps back at Alonso rant with meme for the ages
Lewis Hamilton has found a way to respond to... Read More »
4h ago from F1i.com
