user icon

Rich Energy: 'Regrettable' that Haas got caught up in shareholder 'crossfire'

  • Published on 10 Sep 2019 09:27
  • comments 2
  • By: Fergal Walsh

Rich Energy CEO William Storey says it is regrettable that the Haas F1 team was involved in a dispute between the shareholders of the energy drink company this season.

Haas announced on Monday that it would part ways with Rich Energy with immediate effect, following months of speculation.

Rich Energy has been involved in a number of controversies this year, including a legal battle with bicycle company Whyte Bikes, who successfully claimed Rich Energy had used its logo.

In July, Storey left his role as Rich Energy CEO before documents showed that he had resumed his role two weeks ago as a majority shareholder.

"I would like to thank the Haas F1 team for great efforts in our partnership," read a post on social media.

"It is regrettable they got caught in crossfire of a shareholder dispute which led to this wholly avoidable fiasco. I wish the team the very best & our passion for motorsport unabated."

Following Storey's original departure from the company, the team was renamed to 'Lightning Volt', with Whyte Bikes threatening to have the company wound up.

Replies (2)

Login to reply
  • What a joke. Isn't he the one who caused the problems to begin with? I guess he is trying to save face in hopes that someone else will want to do business with him. Yeah, good luck with that.

    • + 0
    • Sep 10 2019 - 21:38
  • Rich Energy is a corporate embarrassment. I don't blame Haas for taking them on. Money is money. But what an awful partner they have been. At least they produced a pretty cool looking car

    • + 1
    • Sep 11 2019 - 01:42

Related news

BR Grand Prix of Brazil

Local time 

View more photos

BR Grand Prix of Brazil

Local time 

View more photos

Test calendar

Circuit de Catalunya - Testing

See full test schedule

Give your opinion!

Is Lewis Hamilton the strongest driver so far in the 21st century?

World Championship standings 2019

Show full world champion standings

Team profile

  • comments 47,814 comments on Haas
  • star 15 members have this team as their favourite
  • vote Tweets about Haas
Show full profile

Formula 1 Calendar - 2019

Date
Grand Prix
Circuit
-
Spain
-
Spain
15 - Mar 17
Australia
29 - Mar 31
Bahrain
-
Bahrain
12 - Apr 14
China
26 - Apr 28
Azerbaijan
10 - May 12
Spain
-
Spain
23 - May 26
Monaco
7 - Jun 9
Canada
21 - Jun 23
France
28 - Jun 30
Austria
12 - Jul 14
United Kingdom
26 - Jul 28
Germany
2 - Aug 4
Hungary
30 - Sep 1
Belgium
6 - Sep 8
Italy
20 - Sep 22
Singapore
27 - Sep 29
Russian
11 - Oct 13
Japan
25 - Oct 27
Mexico
1 - Nov 3
United States of America
15 - Nov 17
Brazil
29 - Dec 1
United Arab Emirates
See full schedule

Formula 1 Calendar - 2019

Date
Grand Prix & Circuit
15 - Mar 17
Australia Albert Park
29 - Mar 31
12 - Apr 14
26 - Apr 28
Azerbaijan Baku City Circuit
10 - May 12
23 - May 26
Monaco Monte Carlo
7 - Jun 9
21 - Jun 23
France Paul Ricard
28 - Jun 30
Austria Red Bull Ring
12 - Jul 14
United Kingdom Silverstone
26 - Jul 28
Germany Hockenheimring
2 - Aug 4
Hungary Hungaroring
30 - Sep 1
6 - Sep 8
Italy Monza
20 - Sep 22
27 - Sep 29
Russian Sochi Autodrom
11 - Oct 13
25 - Oct 27
1 - Nov 3
United States of America Circuit of the Americas
15 - Nov 17
Brazil Interlagos
29 - Dec 1
United Arab Emirates Yas Marina Circuit
See full schedule
show sidebar