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The Haas Formula 1 team says “there is no dispute over the amounts owed” to former sponsor Uralkali as it works to return funds following a visit from bailiffs at the Dutch Grand Prix. An arbitrati…
The Haas Formula 1 team is currently dealing with a situation regarding the amounts owed to their former sponsor Uralkali, following instructions from a Swiss tribunal arbitration ruling in June which demanded the return of funds previously paid by Uralkali. Haas has not yet returned the sponsorship figure to Uralkali, prompting Uralkali to take further action by sending bailiffs to the Zandvoort paddock to itemize Haas’ inventory. Despite the dispute, Haas has expressed its intention to pay all amounts due to Uralkali as stipulated by the arbitration award, and is working diligently to ensure compliance with various international sanctions laws. The ongoing geopolitical situation, including sanctions on Russia, has added complexity to the payment process, potentially causing delays in the transfer. As the team navigates these challenges, Haas aims to resolve the matter in collaboration with Uralkali in the coming days. The upcoming Italian Grand Prix at Monza presents another logistical challenge for the team, as they prepare to transport their equipment to northern Italy following the current race at Zandvoort.
