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...
9mo ago from F1i.com
Haas settle F1 dispute with Uralkali, prevents asset...
Haas has settled its ongoing sponsorship dispute with Uralkali after the...
9mo ago from MotorsportWeek.com
Haas ends F1 dispute with Russian sponsor
Aug.25 Haas has finally ended a long-running dispute with disgruntled...
9mo 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...
9mo ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez admits he ‘needs to work on mistakes’...
Marc Marquez admits he and younger brother Alex Marquez "were the...
14h ago from MotorsportWeek.c...
The Aprilia and Jorge Martin saga: What’s next?
No description available...
14h ago from Motorsport.com
Jorge Martin confirms desire to leave Aprilia for...
No description available...
18h ago from Motorsport.com
Jorge Martin confirms intention to leave Aprilia at...
Reigning World Champion Jorge Martin has released a statement confirming...
18h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Veteran engineer Michael Cannon returns to Dale Coyne...
Dale Coyne Racing has announced that it has re-hired expert engineer...
1d ago from MotorsportWeek.c...
Three drivers lose Indy 500 finishing positions after...
The NTT IndyCar Series has penalized three drivers following the...
3d ago from MotorsportWeek.c...
Exclusive: Alex Palou “woke up at 3am and couldn't...
No description available...
2d ago from Motorsport.com
Andretti Global, Prema Racing issued suspensions and...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Co-driver dies after crash during Jim Clark rally in...
Roberts, 39, was pronounced dead at the scene near Duns in the Scottish...
5d ago from TheGuardian.com
Rally Portugal criticism causes WRC, FIA to address...
No description available...
1w ago from Motorsport.com
WRC signs new deal to race in Portugal until at least...
No description available...
1w ago from Motorsport.com
WRC Portugal: Sebastien Ogier claims record-extending...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal centre-back 'on brink' of contract renewal as...
Arsenal are reportedly on the brink of tying one of their key defenders...
5h ago from SportsMole.co.uk
Arsenal dealt blow as rival PL club set to beat...
Arsenal target Joan Garcia is reportedly set to join Newcastle United. The...
4h ago from SportsKeeda.com
'On the verge…' – Fabrizio Romano shares...
Arsenal fans can finally start to enjoy this summer's transfer window...
7h ago from CaughtOffside.com
Wolves 'eyeing up' 21-year-old Premier League attacker...
Wolverhampton Wanderers and Arsenal are reportedly keen on signing...
9h ago from SportsMole.co.uk
Comments
Hottest News
Christian Horner confirms talks with rival F1 teams
Red Bull team principal Christian Horner has... Read More »
10h ago from GPFans.com
FIA announce mandatory tyre rule at Spanish Grand Prix...
The FIA have confirmed a tyre change for this... Read More »
21h ago from GPFans.com
FIA announce mandatory Spanish Grand Prix rule as Lewis...
The FIA have confirmed a mandatory change for... Read More »
6h ago from GPFans.com
