1. Log in now to remove adverts - no adverts at all to registered members!

Spare Parts (F1 odds and ends)

Discussion in 'Formula 1' started by Masanari, Sep 22, 2011.

  1. DHCanary

    DHCanary Very Well-Known Member
    Forum Moderator

    Joined:
    Jan 24, 2011
    Messages:
    16,836
    Likes Received:
    5,767
    Haas had a bank guarantee on the Rich Energy sponsorship, meaning if RE don't pay, a bank would - and then the bank would chase RE after. In that context, it absolutely makes sense for RE to pull out ahead of a due date.
     
    #4161
    ched999uk likes this.
  2. BrightLampShade

    BrightLampShade Well-Known Member
    Forum Moderator

    Joined:
    Feb 14, 2011
    Messages:
    13,495
    Likes Received:
    2,568
    Chances of a one off Whyte Bikes Haas?
     
    #4162
    Number 1 Jasper and El_Bando like this.
  3. Justjazz

    Justjazz Well-Known Member

    Joined:
    Feb 7, 2011
    Messages:
    1,660
    Likes Received:
    1,422
    I want one of those bank guarantees!!
     
    #4163
  4. allsaintchris.

    allsaintchris. Well-Known Member

    Joined:
    Jan 28, 2011
    Messages:
    7,655
    Likes Received:
    1,314
    Has anybody yet seen Rich Energy drink for sale anywhere?
     
    #4164
  5. DHCanary

    DHCanary Very Well-Known Member
    Forum Moderator

    Joined:
    Jan 24, 2011
    Messages:
    16,836
    Likes Received:
    5,767
    By the crate on Amazon, and that's it.

    Supposedly the tweet about Rich Energy breaking off their deal with Haas was sent by Storey (head of Rich Energy) without authorisation of the Rich Energy investors - who are now trying to salvage the Haas relationship.
     
    #4165
    Number 1 Jasper likes this.
  6. BrightLampShade

    BrightLampShade Well-Known Member
    Forum Moderator

    Joined:
    Feb 14, 2011
    Messages:
    13,495
    Likes Received:
    2,568
    How did someone like this get into being a title sponsor of a F1 team? I would be more shocked but a similar personality is currently in charge of the US of A.

    Who knows, they may get to dump Mr Rich from the company for all this and turn themselves into a reputable drinks company.
     
    #4166
  7. allsaintchris.

    allsaintchris. Well-Known Member

    Joined:
    Jan 28, 2011
    Messages:
    7,655
    Likes Received:
    1,314
    The whole debacle must be linked to the court case were Rich Energy had to provide details of all its sales and sponsorship agreements. Does he think he can screw the court over by not providing it because he can now claim they have nothing to do with Haas anymore?

    He just seems one of those guys who believes he can do what he wants and get away with it. Hope he comes a cropper.
     
    #4167
  8. Number 1 Jasper

    Number 1 Jasper Well-Known Member

    Joined:
    Jan 30, 2011
    Messages:
    24,143
    Likes Received:
    14,856
    Is that usual ? or does it mean HAAS had their doubts from day 1 ?

    Either way lucky they had it in place .
     
    #4168
  9. ched999uk

    ched999uk Well-Known Member

    Joined:
    May 28, 2013
    Messages:
    4,980
    Likes Received:
    2,145
    I wonder what the t&c of the guarantee are? My guess is it's a sort of insolvency guarantee not necessarily if RE pull the plug and use a performance clause, if there is one?
    I would say it was HASS doing due diligence and realising that RE may not have a long term history as a company.
     
    #4169
    Number 1 Jasper likes this.
  10. DHCanary

    DHCanary Very Well-Known Member
    Forum Moderator

    Joined:
    Jan 24, 2011
    Messages:
    16,836
    Likes Received:
    5,767
    #4170

  11. allsaintchris.

    allsaintchris. Well-Known Member

    Joined:
    Jan 28, 2011
    Messages:
    7,655
    Likes Received:
    1,314
    Well, this could be worth watching for a bit longer......
     
    #4171
    Number 1 Jasper likes this.
  12. Number 1 Jasper

    Number 1 Jasper Well-Known Member

    Joined:
    Jan 30, 2011
    Messages:
    24,143
    Likes Received:
    14,856
    From Autosport .


    A new statement attributed to Rich Energy CEO William Storey has blasted the company's own communication in a fresh twist to the Haas Formula 1 team's title sponsor saga.
    On Wednesday, a Tweet emerged from the energy drink's account announcing that it had terminated its deal with Haas due to "poor performance".
    The post added that F1's "politics and PC attitude" were "inhibiting our business", and finishing behind Williams in the Austrian Grand Prix was "unacceptable".
    Haas released a statement on behalf of Rich Energy's apparent majority shareholders that attempted to salvage the relationship with the team, and accused a "rogue" individual of being responsible for the original tweet.
    That statement also said the individual, understood to be Storey, was being removed from his executive responsibilities.
    However, on Thursday evening, a subsequent tweet from the Rich Energy account contained a statement attributed to Storey that claimed the Haas statement was the work of supposed minority shareholders and that he remained in command.
    The tweet read: "The ludicrous statement by minority shareholders cosy with Red Bull and Whyte Bikes is risible.
    "Their attempted palace coup has failed.

    please log in to view this image

    Haas F1 team boss Gunther Steiner confirmed that the team would be running Rich Energy branding as usual during this weekend's British Grand Prix at Silverstone.
    In a statement, Steiner said: "Rich Energy is currently the title partner of Haas F1 Team.
    "I cannot comment further on the contractual relationship between our two parties due to commercial confidentiality."
    The Rich Energy logos remained on display at Haas ahead of the grand prix, although the firm has been ordered by court to give up use of its stag logo after July 18 for it infringes the copyright of Whyte Bikes.
    There has been no further comment from Haas in light of the latest statement.
    Share this article on Facebook Twitter LinkedIn Email
    Recommended for you
    please log in to view this image

    Rich Energy investors attempting to salvage deal with Haas F1 team
    1d f1
    please log in to view this image

    'Surprised' Haas F1 team to keep Rich Energy livery for British GP
    1d f1
    please log in to view this image

    Rich Energy shareholders say "rogue" individual behind Haas F1 tweet
    1d f1
    please log in to view this image

    Perez/Stroll F1 grid gains to raise funds for Breast Cancer Care
    12hr f1
    please log in to view this image

    please log in to view this image
     
    #4172
  13. El_Bando

    El_Bando Can't remember, where was I?
    Forum Moderator

    Joined:
    Jan 26, 2011
    Messages:
    14,374
    Likes Received:
    1,830
    #4173
    Number 1 Jasper likes this.
  14. Number 1 Jasper

    Number 1 Jasper Well-Known Member

    Joined:
    Jan 30, 2011
    Messages:
    24,143
    Likes Received:
    14,856
    #4174
  15. BrightLampShade

    BrightLampShade Well-Known Member
    Forum Moderator

    Joined:
    Feb 14, 2011
    Messages:
    13,495
    Likes Received:
    2,568
    It goes on and on

     
    #4175
    Number 1 Jasper likes this.
  16. ched999uk

    ched999uk Well-Known Member

    Joined:
    May 28, 2013
    Messages:
    4,980
    Likes Received:
    2,145
    To be honest using a different distributor sounds like a good plan as the current distribution system seems limited to the odd case on Amazon!
    It does seem like a big pr mess for RE and Hass.
     
    #4176
  17. BrightLampShade

    BrightLampShade Well-Known Member
    Forum Moderator

    Joined:
    Feb 14, 2011
    Messages:
    13,495
    Likes Received:
    2,568
  18. El_Bando

    El_Bando Can't remember, where was I?
    Forum Moderator

    Joined:
    Jan 26, 2011
    Messages:
    14,374
    Likes Received:
    1,830
    I'm starting to think this may be a PR stunt?... or something... I don't know I'm so confused
     
    #4178
    Number 1 Jasper and ched999uk like this.
  19. Number 1 Jasper

    Number 1 Jasper Well-Known Member

    Joined:
    Jan 30, 2011
    Messages:
    24,143
    Likes Received:
    14,856
    The exclusive rights to distribute it .

    Yes , it's bloody obvious it's everywhere , and that it's a battle worth fighting :steam:
     
    #4179
  20. allsaintchris.

    allsaintchris. Well-Known Member

    Joined:
    Jan 28, 2011
    Messages:
    7,655
    Likes Received:
    1,314
    It's a shame they're PR consultant is Donald Trump
     
    #4180
    Number 1 Jasper likes this.

Share This Page