Haas reject $13m Uralkali sponsorship refund claim

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Haas reject $13m Uralkali sponsorship refund claim

Haas have reportedly rejected a declare from former sponsor Uralkali that they’re owed $13million [£9.95million] for cash already paid to them this season.

The group have gone additional nonetheless and reportedly demanded $8.6million [£6.55million] in compensation from Uralkali for ‘lack of revenue’ as a part of their unilateral termination of their contract.

Haas reduce ties with each Nikita Mazepin and his and Haas’ title sponsor Uralkali again in March, doing so following Russia’s invasion of Ukraine.

Uralkali responded by threatening to sue Haas because of their early termination, and demanded the American F1 group return the sponsorship cash paid this 12 months.

Haas reject $13m Uralkali sponsorship refund claim

Uralkali stated in an announcement in March: “As a lot of the sponsorship funding for the 2022 season has already been transferred to Haas and provided that the group terminated the sponsorship settlement earlier than the primary race of the 2022 season, Haas has thus did not carry out its obligations to Uralkali for this 12 months’s season.

“Uralkali shall request the speedy reimbursement of the quantities acquired by Haas.”

However in a letter seen by Motorsport.com, Haas have rejected that they owe their former sponsors the cash they’re in search of, given the phrases of their exit from the group.

The letter reads: “In line with unanimous authorized students and case legislation, the celebration which terminates the settlement for breach of the opposite celebration is below no obligation to return to such celebration what it has already acquired below the settlement.

“The declare of Uralkali to acquire the re-payment of the down paid quantity of EUR 12,000,000 is due to this fact ungrounded and rejected.”

The F1 group additionally desires $8.6million from the fertilizer firm for what they deem is a lack of earnings had the partnership continued.

Haas stated that, till their counter-claim is paid, they won’t give Nikita Mazepin his 2021 automotive – as was agreed below the phrases of his contract with the group, and so they have reportedly not paid his wage for his time labored with the group in 2022.

 

The Russian fertiliser firm’s assist, with Dmitry Mazepin as its proprietor, included a driver for son Nikita to take one of many race seats at Haas, however he was faraway from his drive within the wake of the sponsorship deal ending, with Kevin Magnussen being drafted again in to take his place.

Mazepin has since dubbed his dismissal as proof of “cancel tradition” in opposition to Russian athletes.

The continuing dispute between the group and Uralkali is now more likely to find yourself in courtroom, given the monetary stand-off which is now occurring.

 

 

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