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...
1mo ago from F1i.com
Haas settle F1 dispute with Uralkali, prevents asset...
Haas has settled its ongoing sponsorship dispute with Uralkali after the...
1mo ago from MotorsportWeek.com
Haas ends F1 dispute with Russian sponsor
Aug.25 Haas has finally ended a long-running dispute with disgruntled...
1mo 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...
1mo ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin reveals he ‘had a lot of fears'...
Jorge Martin revealed that he 'had a lot of fears' in 2024 after a...
1h ago from MotorsportWeek.c...
Miller: “Anything is realistic” as Phillip Island...
No description available...
3h ago from Motorsport.com
How Acosta is snatching the show from a lengthy MotoGP...
No description available...
2h ago from Motorsport.com
Alex Marquez: Mir's comments after Japan clash...
No description available...
5h ago from Motorsport.com
Popular On IndyCarToday.com
Foster not “a second choice” after losing...
No description available...
18h ago from Motorsport.com
Lundgaard feels “more natural pace” with Arrow...
No description available...
1d ago from Motorsport.com
Hailie Deegan shifting to Indy NXT for 2025 with HMD...
No description available...
2d ago from Motorsport.com
Alex Palou tops 11-car test session on Indianapolis...
11 IndyCar drivers turned laps around Indianapolis Motor Speedway on...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
M-Sport's 2025 WRC driver line-up plans "up in...
No description available...
2d ago from Motorsport.com
Consistency Neuville's first focus as maiden WRC title...
No description available...
2d ago from Motorsport.com
Solberg's failed Rally Chile protest to be reheard by...
No description available...
5d ago from Motorsport.com
Skoda reveals Rally2-inspired EV race car concept
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
“We’ve seen that he can play alongside Declan...
No description available...
1h ago from SportsKeeda.com
5 Arsenal players you might have forgotten
Keeping in mind the 21st century, here is a look at 5 Arsenal players you...
31m ago from SoccerSouls.com
Arsenal legend tips Mikel Arteta to sign star who's...
Arsenal legend Lee Dixon has suggested that he could see Lille midfielder...
3h ago from CaughtOffside.com
Report: Arsenal on alert as 75m striker potentially...
Aleksandr Isak has emerged as a potential target for Arsenal as rumours...
31m ago from FreshArsenal.com
Comments
Hottest News
'FIA intervenes immediately: Competitors see one team...
The FIA already has its hands full before... Read More »
3h ago from GPBlog.com
McLaren star tipped to REPLACE Perez in all-star Red Bull...
An ex-Formula 1 racer has tipped one of McLaren's... Read More »
2h ago from GPFans.com
FIA announce McLaren car INSPECTION ahead of US Grand Prix
The FIA have revealed that one of the McLaren... Read More »
4h ago from GPFans.com