Haas title sponsor terminates F1 deal

Rich Energy claims it has terminated Haas deal	
				Image by Portlock  LAT

Shareholders in the Rich Energy drinks company said on Thursday their sponsorship deal with Formula One team Haas remained in place, contradicting an earlier "rogue" tweet.

Since then, some sections of the media have claimed that a number of investors in Rich Energy are attempting to save the partnership with Hass.

But as of now, Haas are set to enter this weekend's Formula 1 race, the British Grand Prix, ironically Rich Energy's home race, at Silverstone Circuit in England, United Kingdom with Rich Energy branding.

On Wednesday evening, a tweet from Rich Energy's official account said the team was pulling its title sponsorship deal. A ruling by the High Court allowed Whyte Bikes to lodge an injunction against Rich Energy to ensure it stopped using the logo, while also entitling Whyte to potential damages or a share of profits.

He said he could not answer what long-term consequences there would be this season after the unexpected announcement but said work was going on to fully establish the situation.

Following the news, a source told Autosport the following statement.

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"I don't want to put anybody in a hard situation". The commercial agreement doesn't let me talk any more about it. But I can not say anything about it.

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

Haas is enduring a hard season as its car's obvious one-lap speed is not translating into race pace. Drivers Romain Grosjean and Kevin Magnussen finished 16th and 19th, with Magnussen even having the ignominy of being handed a drive-through penalty for starting out of positon on his grid slot. Yet, after nine races, Haas are ninth in the constructors' championship and are struggling to live up to those ambitions.

Another Twitter commentator declared: "I can't believe what an utter joke you've made out of yourselves".

"It's part of the job", said Steiner.

"We get on with the job, that's the important thing, to get the auto back where we want to be".

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