P1racenews AI automatic summary:
Haas’ former title sponsor, Uralkali, has made a bid to Dutch courts in an attempt to seize the team’s assets over an outstanding payment it is due from the American squad. The Russian fertiliser company, owned by Dimitry Mazepin, became the team’s sponsor in 2021, in conjunction with Mazepin’s son, Nikita, becoming a full-time driver. […]
In 2021, the Russian fertiliser company owned by Dimitry Mazepin sponsored the team, coinciding with Mazepin’s son, Nikita, joining as a full-time driver. Following the Russian invasion of Ukraine in early 2022, Haas terminated the agreement and replaced Mazepin with Kevin Magnussen. Uralkali, the sponsor, took legal action to claim the outstanding $13m sponsorship fee through Swiss arbitration courts. The court ruled in Haas’ favor, but permitted only a portion of the fee to be kept, estimated at $3m. Dutch authorities visited Haas at Zandvoort to enforce payment, leading to potential jeopardy for the team’s participation in the upcoming Italian Grand Prix at Monza. In response, Haas expressed its commitment to resolving the matter promptly, working towards compliance with all relevant sanctions and regulations. Uralkali emphasized its expectation for Haas to fulfill the arbitral ruling swiftly and resolve the situation for all parties involved.
