Current Haas

Il_leone

Champion Elect
See my previous article with regards to what Rich Energy have bought into F1 and the infringement rights with the logo used. I don't think it is just purely poor performance of Haas causing Rich Energy to leave F1

Ted Kravitz has also retweeted this
 
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one of my favourite subjects in F1 is under the spotlight once again... the sponsorship deal between Rich Energy and Haas... at first Rich Energy claimed that they had terminated their sponsorship deal with Haas then Rich Energy's mighty shareholders say that it's not true... hand on a second, what is Haas saying about this? they say that the deal is still on...

what an amazing story, my favourite bit is in the first article that I linked, where it reads
Rich CEO William Storey is also required to provide details of the company's drinks production and financial performance, including its relationship with Haas, by August 1
how intersting is that? Rich Energy has never published any meaningful financials, no one knows how many cans they sell (I have never actually seen their products on the shelves of a supermarket, maybe I'm just unlucky and West Ealing's Waitrose is being difficult with them), their shaholders are a slightly odd bunch of people with no track record of running a business, they have just lost a court case and now, a few days before they have to disclose their numbers (relevant for deciding the compensation that they owe to Whyte Bikes for copyright infringement) they unilaterally terminate their contract with Haas because of poor performance (something tells me that there is no such provision in their contract with Haas, or at least not under such terms), how convenient is that? if I was being naughty I could say that is looks just like a very poor way of trying to limit your liabilities before filing for bankruptcy ROFL

this story is going to be be very interesting, I really look forward to know how much money Rich Energy actually paid to Haas, I wouldn't be suprised if the answer was 0 (from the first article linked
Asked in Mexico if Haas had done its due diligence on Rich given the short timeframe, Steiner said: "Your due diligence you don't do with the person there, there's some other ways to do that. "We did what we need to do. We needed to do it before we met him. Why do you doubt that? Obviously we did what we needed to do, and our legal advisors were content with that."
)
 

Grizzly

Bear
Contributor
Here we go then Publius...

I'm just quoting Motorsport.com

Motorsport.com said:
Clearly the rogue actions of one individual have caused great embarrassment. We are in the process of legally removing the individual from all executive responsibilities. They may speak for themselves but their views are not those of the company."

The statement also described the previous tweet as "regrettable" and having come from "an unauthorised source".

"We wish to confirm our commitment to the Haas F1 Team, Formula 1 and to thank the Haas F1 Team for their support and patience whilst this matter is dealt with internally," the statement concluded.

The "individual" behind the "rogue actions" in question was not directly named in the statement.
Mr Storey gone or do they have mole in their endless employee list?
 

RasputinLives

So Goodbye Yellow Brick Road
Contributor
So apparently, in a bid to find out what's gone wrong, Haas have reverted Grosjeans car back to Australia spec. Litterally back to where they started. Grosjean has been asking for them to do it for two races now.
 
this is very embarrassing for both team and Rich
I think that it's especially embarassing for Haas, they clearly didn't do their homework (not, I'm not referring to last race's poor result, but to the lack of any meaningful due diligence on Rich Energy, which, if I'm not mistaken, is still operating from some remote garage in a back street in south London)
 
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Izumi

Banned
Is there potential for negative reflection for their (Haas) partners as well? Guenther Steiner claims they have executed their due diligence on this deal.
 

Il_leone

Champion Elect
Izumi
You mean they stole Rich from Williams seems to be the story


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I don't Haas are happy with Rich. The question is who in Rich was able to make such a statement on twitter because surely it is someone within their PR team who would control the social media channels

If its been leaked that Rich want tot leave Haas.. it certainly has not been done in a proper manner which has got Guenther angry
 

Izumi

Banned
Izumi
You mean they stole Rich from Williams seems to be the story


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I don't Haas are happy with Rich. The question is who in Rich was able to make such a statement on twitter because surely it is someone within their PR team who would control the social media channels

If its been leaked that Rich want tot leave Haas.. it certainly has not been done in a proper manner which has got Guenther angry
Unwelcome distraction from team's focus in the middle of a racing season.
 

F1Brits_90

Race Winner
so now what for haas because of all times to have that race, what will we have in germany because if Rich Energy weren't happy before they'll be furious now
 

Il_leone

Champion Elect
There apparently is conflicting views at Rich Energy - the shareholders are still interested in F1 and therefore on Haas' side then you got the owner who is a bit looney thinking because he owns the company can make all the decisions like that and the one who made the twitter statement.
 
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