- Nikunj Ashish Shah
Formula 1 news: Uralkali will be taking legal action on Haas. Due to the Act of war by Russia on Ukraine, the Haas formula one team terminated its sponsorship with Russian company Uralkali.
As the Russian president, Vladimir Putin invaded Ukraine, this act of war has caused a worldwide unacceptance against Russia. Due to this, Haas also terminated its contract with experienced Russian driver Nikita Mazepin. Also with its former title sponsor, Uralkali, it was Mazepin’s father’s company only.
They replaced him and brought in Pietro Fittipaldi for the upcoming pre-season testing in Bahrain. However, they want a more experienced replacement for him. Due to the termination of the contract with its long-term sponsor, Uralkali is ready to take legal action against the team. Especially for the repayment of the sponsorship fee.
Uralkali wants to reclaim the full sponsorship payments made for the 2022 season. It wants to use it for other purposes. The company made a statement that if they are able to reclaim the sponsorship fundings, they’ll open a “one athlete support foundation”. They will compete as that only.
One of the Uralkali statements stated ” Our Company intends to protect its interests in line with applicable legal procedures. Reserves its rights to initiate judicial proceedings, claim damages, and seek repayment of the significant amounts Uralkali had paid for the 2022 Formula 1 season,”
“As most of the sponsorship funding for the 2022 season has already been transferred to Haas and given that the team terminated the sponsorship agreement before the first race of the 2022 season. Haas has thus failed to perform its obligations to Uralkali for this year’s season”. The statement read
The company also said that they intend to protect its interests in accordance with applicable legal proceedings and moreover wants to retain its legal rights.
This allows them to initiate legal proceedings, claiming their damages. They demand a large refund of the large amount they paid to the Haas formula one team for the 2022 F1 season.
Haas ended the contract before the first race of the season. Hence, Uralkali wants a refund of the sponsorship funding.
As all the funding has been already transferred to the formula one team. Therefore, Uralkali wants Haas to reimburse the amounts transferred to them. As they didn’t perform the obligations they were meant to do so.
Although sports and politics are two different topics. It’s always better if we keep them distant from each other. Earlier F1 authorities also announced the replacement of the Russian Grand Prix.
They said that, following Russian President Vladimir Putin’s invasion of Ukraine, it would be impossible to arrange the race in Russia. Despite this, Russia’s F1 promoter claims that the event may still go place quietly in the country.
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