"Uralkali shall request the immediate reimbursement of the amounts received by Haas., Photo by: Carl Bingham / Motorsport Images. In a statement published on Wednesday morning, Uralkali, founded by the father of recently dropped Haas driver Nikita Mazepin, have branded the termination of their sponsorship agreement as "unreasonable" and added that, in their view, sport should "always be free of politics and pressure from external factors". Haas has formally rejected a claim by former sponsor Uralkali that it must refund $13 million of sponsorship money, with the US outfit seeking a compensation for "loss of profits" of $8.6 million. How to help Ukrainian refugees: Utah fundraiser, donation drive will Find the latest F1 news and news from other motorsport series at RacingNews365.com, the world's leading independent F1 website providing daily F1 coverage. Mazepins demand refund from Haas over F1 deal. It's a truly shocking treatment toward a title sponsor who stepped up last season when the team badly needed resources and who had offered to go above and beyond the contracted amounts to provide additional bonuses to team staff to achieve better results for all involved.. Why Red Bull clone criticisms of Astons F1 challenger are invalid, The philosophical and practical difficulties facing Mercedes in its design concept shift, The philosophical and practical difficulties facing Mercedes in its design concept shift Why Ferrari is struggling and how it can turn its F1 fortunes around, The winners and losers from F1's new sprint format, The winners and losers from F1's new sprint format Mazepin was eventually given a new chassis later in the season after the summer break, but continued to be out-qualified by Schumacher and was generally beaten by his fellow rookie throughout the year. Hulkenberg to start Azerbaijan GP from pitlane after set-up change, Why Haas's faith in Hulkenberg has been vindicated, Why Haas's faith in Hulkenberg has been vindicated Haas is also looking to recoup losses it believes would have been made had Uralkali stayed on as title sponsor, which it puts at 8 million Euros (roughly $8.7 million). Still, we want to give you the opportunity to enjoy an ad-free and tracker-free website and to continue using your adblocker. Uralkali had served as the title sponsor of Haas since Mazepin joined the team at the start of the 2021 season, bringing a significant financial boost to the American operation. It has emerged, however, that Haas has now formally responded to the Uralkali letter and wholly rejected the companys claims. If it doesnt change, I will send an official letter that we stop financing and stop racing, he told Jesper Carlsen, one of Nikitas team members. More information about advertising and tracking in our Data protection notice, the List of our partners and in Data protection information center. Henry Valantine 04 Mar 2022 6:05 PM. The Haas Formula 1 team has rejected a claim from former title sponsor Uralkali to refund $13 million already paid, and demanded a further $8.6m compensation for 'loss of profits.' The highly anticipated 2021 Formula One season begins on 26th March at Bahrain International Circuit. A Haas statement read: "Haas F1 Team will present its VF-22 in a plain white livery, minus Uralkali branding, for the third and final day of track running at Circuit de Barcelona on Friday 25 . Uralkali has released a statement in reaction to . Watch Story: Fresh Heartbreak For Lewis Hamilton. Team owner Gene Haass company, Haas Automation, has gained more branding on the Haas VF-22 car with its revised livery, which also carries sponsorship from German company 1&1 and IONOS. Ahead of the start of the F1 season, Haas severed ties with its driver Nikita Mazepin and with its Russian title . And there are not many cars doing that in the moment, because it's just a lot of money., Ferrari thinks 25bhp gap to Mercedes/Honda F1 engines has gone, 2022 F1 Bahrain Grand Prix session timings and preview, The race that transformed perceptions of Red Bull, The race that transformed perceptions of Red Bull The Haas Formula One team has rejected former title sponsor Uralkali's demand for a refund of $13 million and asked for approximately $8.7 million in compensation from the Russian company . Haas: 'Good interest' from F1 sponsors to fill big Uralkali hole You can revoke your consent at any time via the data protection page.1. From Formula 1 to MotoGP we report straight from the paddock because we love our sport, just like you. Im not promising anything. In order to keep delivering our expert journalism, our website uses advertising. Still, we want to give you the opportunity to enjoy an ad-free and tracker-free website and to continue using your adblocker. The matter now almost certainly looks to be heading to court, unless there is a last-minute change of approach from Haas in relation to the money. You can revoke your consent at any time via the data protection page.1. Haas is set to miss the start of the Bahrain F1 test, which begins tomorrow, after the late arrival of its team freight when a transporter plane that was meant to be shipping it got delayed in Istanbul airport. However, no sanctions had been imposed by the European Union or any other parties when the contract was terminated. In the immediate aftermath of Russias invasion of Ukraine back in March, the Haas team unilaterally terminated its Uralkali sponsorship deal because of the links the companys owner Dmitry Mazepin had with the countrys president Vladimir Putin. graduation in Mathematics, followed by a Post Graduation Diploma in Journalism. The team will be known as Uralkali Haas F1 Team on a new multi-year deal. In order to keep delivering our expert journalism, our website uses advertising. Earlier, FIA had announced that Russian and Belarusian drivers will be able to compete under a neutral flag. The consistency problem highlighted by F1s Australia red flags debacle. John Huntsman Jr. is an American businessman and politician. Earlier this week Hitech Grand Prix also ended its sponsorship deal with Uralkali covering its FIA Formula 2 and Formula 3 teams.
