Rich Energy

Deadline set for Haas - Rich Energy answers

Matthew Scott Friday 26 July 2019 12:17

Deadline set for Haas - Rich Energy answers

Haas team principal Guenther Steiner says the uncertainty over their title sponsorship with Rich Energy is likely to be solved over Formula 1's mid-season break.

Ahead of the British GP, and across the Silverstone weekend, Rich Energy went into a quite public meltdown, amid conflicting messaging over the termination of its sponsorship of Haas, which ultimately led to CEO William Storey's removal from the company and Rich's renaming to Lightning Volt.

Rich Energy branding remains on the Haas car at the German Grand Prix, and seems likely to stay in Hungary in a week's time.

Haas had sought £35million to end the agreement early, but it remains unclear of that is still in place with the drinks company under its new moniker.

Steiner says an answer will come imminently, however.

"We are still where we were before," he said. "That means we have to hear from them about how to proceed.

"I don't know what's happening internally with them, but I don't want to know either. It's not our business.

"All I can say is that we have to get an answer from them before the summer break. That is a deadline that is legally binding. Everything is currently in the hands of the lawyers."

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Deadline set for Haas - Rich Energy answers

Deadline set for Haas - Rich Energy answers