Rich Energy Release Statement in Wake of Haas F1 Sponsorship Saga

Published 07/12/2019, 3:53 PM EDT

The Haas F1 team have a lot of things to worry about and their list of burdens is increasing. From being forced to remove the stag logo from their car for copyright infringement to title sponsor getting sued, the team has nearly seen it all.

Now, Rich Energy has sent a letter on behalf of the Haas F1 team, explaining the situation. As it turns out, bikes company, Whyte Bikes, won a court case against Rich Energy regarding theft of their logo.

The letter was addressed to shareholder Neville Weston, who plans to take control of Rich Energy from William Storey. However, it would only happen if it becomes clear that Storey is no longer in charge of the company.

The letter was from Haas’s lawyer Jeremy Courtenay-Stamp who was concerned about the ability of Weston to acquire the company. The letter backs Storey’s claim that he is still in control of Rich Energy. Courtenay-Stamp noted that the Haas F1 team would deal with new management at Rich. However, it would only be if it “sees clear and unambiguous evidence that Mr Storey has been removed as a director of the company and that a new CEO has been validly appointed in his place.”



Dhruv George

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Dhruv George is a senior Formula One and NASCAR analyst for EssentiallySports, having authored nearly 12000 articles spanning different sports like F1, NASCAR, Tennis, NFL, and eSports. He graduated with a PG Diploma in Journalism from the Xavier Institute of Communications. Dhruv has also conducted interviews with F1 driver Pierre Gasly and Moto2 rider Tony Arbolino.