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William Storey, the outspoken and controversial founder of former Haas F1 team sponsor Rich Energy, has pulled out of the race to buy Reading Football Club.
British businessman William Storey has decided not to proceed with his £50m takeover bid for struggling football club Reading, stating that he and his investors have concluded not to pass the English Football League’s ‘fit and proper persons test.’ This marks the third time Storey’s attempts to purchase an English football club have fallen through, with previous bids for Coventry City and Sunderland AFC also failing. Storey is best known in Formula 1 circles as the founder of drinks company Rich Energy, which entered a short-lived sponsorship deal with Haas. However, Storey left his role with Rich Energy after failing to surpass rival Red Bull, and Haas terminated their deal with the company mid-way through the 2019 season. Another controversy arose when the British Superbike squad OMG Racing claimed they were never sponsored by Storey or Rich Energy.
Forrás: Crash
