Haas F1 Team Resolves Uralkali Sponsorship Dispute
Haas F1 Team Resolves Uralkali Sponsorship Dispute

Haas F1 Team Resolves Uralkali Sponsorship Dispute

News summary

The Haas Formula One team is awaiting confirmation of a payment to former title sponsor Uralkali before leaving the Netherlands after the Dutch Grand Prix. Following a Swiss tribunal ruling in June, Haas was ordered to refund approximately $9 million due to the termination of their sponsorship contract after Russia's invasion of Ukraine. Uralkali sent bailiffs to the Haas paddock to inventory equipment, preventing the team from departing until the payment is acknowledged. Haas has stated there is no dispute over the amount owed and is working with legal advisors to ensure compliance with international sanctions. The team confirmed that they intend to resolve the matter promptly to participate in the upcoming Italian Grand Prix. The situation reflects the complexities of financial transactions under current sanctions against Russia.

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