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Post by Joel_W on Jul 11, 2019 7:06:48 GMT -8
Always had bad vibes about the Rich Energy deal. Wondered how long until the checks stopped. Mike Mike, Or just as bad that the checks didn't clear. Joel
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Post by vintagerpm on Jul 11, 2019 8:11:04 GMT -8
It now seems Rich Energy is still the sponsor for Hass F1. From Autoweek:
"Haas F1 Team boss Guenther Steiner says that Rich Energy remains the Haas F1 team’s title sponsor despite a tweet from the energy drink company on Wednesday.
"On Wednesday evening, the Rich Energy Twitter account published a tweet announcing that their relationship with Haas would be terminated with immediate effect following a string of poor performances.
"On Thursday morning, just a few hours later, it became known that the Rich Energy investors had not sanctioned the decision and that they were attempting to salvage the relationship. Unable to say much on the topic, Steiner said what he could."
Mike
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Post by Joel_W on Jul 11, 2019 9:24:32 GMT -8
This announcement sounds even more fishy then the original tweet. Here's what the Judge said at the court case:
Judge Melissa Clarke said in a written judgment that she found Rich Energy boss William Storey and Sean Kelly, founder of the digital marketing company Staxoweb Ltd, to be "poor witnesses." "He had a tendency to make impressive statements, which on further investigation or consideration were not quite what they seemed," she said of Storey. The judge cited as an example that when cross-examined about a claim to the media in February that 90 million cans had been produced, Storey explained that Rich "had produced 90 million cans, but had not yet filled and sold them."
Empty cans not filled nor sold are basically worthless, as most likely are their checks at this point. Sounds more like Energy Drink is running out of funds as sales lags their projections.
I wouldn't be surprised if the investors weren't even informed of the sponsorship deal to begin with. Their money was invested to sell a new Energy drink, not fund a back marker F1 team. Finally, Williams has won something this year. loosing Energy Drinks as their primary sponsor.
Joel
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Post by afx on Jul 12, 2019 4:02:52 GMT -8
The ongoing saga of the Rich Energy brand’s sponsorship of the Haas F1 Team took a fresh twist on Thursday night, as CEO William Storey launched a statement via Twitter that called his own company’s earlier statement today “ludicrous” and “risible”.
Storey’s tweet accused the earlier statement, which was attributed to ‘the shareholders who own the majority of Rich Energy’, to have been made by “minority shareholders”. The tweet read: “The ludicrous statement by minority shareholders cosy with @redbull & @whytebikes is risible. Their attempted palace coup has failed. I control all of the assets of @rich_energy & have support of all key stakeholders”. This tweet came barely 24 hours after the first one, which claimed Rich Energy had “terminated our contract with @haasf1team for poor performance. We aim to beat @redbullracing & being behind @williamsracing in Austria is unacceptable. The politics and PC attitude in @f1 is also inhibiting our business. We wish the team well.” The earlier statement from Rich Energy had claimed the original tweet was “Clearly the rogue actions of one individual have caused great embarrassment. We are in the process of legally removing the individual from all executive responsibilities. They may speak for themselves but their views are not those of the company.” Haas F1 team boss Gunther Steiner confirmed earlier on Thursday that the team would be running Rich Energy branding as usual during the British Grand Prix at Silverstone. When contacted by Motorsport.com, a Haas F1 spokesman declined to comment on the latest developments.
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cc
Full Time Ride
Posts: 141
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Post by cc on Jul 12, 2019 5:49:19 GMT -8
Just another day in the F1 Circus. Now its in the main ring and I bet it comes down to a media stunt. Trying to get as much attention to the brand and William. He seems to be someone who needs to be in the limelight. Oh well, back to the racing.
CC 😎
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Post by Joel_W on Jul 12, 2019 6:13:18 GMT -8
I thought that they lost the logo rights, yet their still wearing hats with it. Joel
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Post by afx on Jul 15, 2019 10:28:32 GMT -8
British GP: Vettel drives straight into the back of Verstappen! Out qualified again by Leclerc. Not sure Vettel is the driver I believed he was when he was winning his championships in the dominate Red Bull.
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Post by Joel_W on Jul 15, 2019 11:42:35 GMT -8
JC, Agreed. The accident was 100% Vettel's fault, and he admitted such. Got him a 10 sec penalty, but already being last, it really didn't matter.
Vettel moved to Ferrari so he could be the #1 driver, but once Leclerc got there, basically Ferrari is treating both equally. And at this rate he'll be the #2 for 2020.
Joel
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cc
Full Time Ride
Posts: 141
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Post by cc on Jul 16, 2019 3:43:05 GMT -8
At lest there was some action during this race. I think Vettle was lucky to have been at Redbull when he was. After he left he has not been at his best. Now I think the writing is on the wall he may not be with Ferrari much longer. I see to many mistakes the should not be happening and don’t know how long Ferrari will wait. Unless something happens soon Lewis will be wraping up the championship early. At lest Mercedes is letting them race and not playing favorites. Oh well the F1 Circus keeps moving along.
CC 😎
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Post by afx on Jul 16, 2019 6:44:32 GMT -8
Ross's British GP review: The best of British
www.formula1.com/en/latest/article.rosss-british-gp-review-the-best-of-british.6dn7kW3LlxWDfbycUq1zdS.htmlFerrari in polar position
We saw two sides to Ferrari this weekend, in terms of drivers and on the technical front. When it comes to performance on a flying lap in qualifying, Charles Leclerc was amazing, given that he only lost out on pole in the final sector of a track that didn’t suit the characteristics of the SF90, especially in the cold conditions. However, in the race, Ferrari were third best, a long way off Mercedes and behind the Red Bulls. Tyre wear especially seems to be the team’s Achilles' Heel. That could be seen on Friday and although the team managed to partially fix it over the weekend, it was not enough to put them in the fight for the win. Back in Maranello, they need to understand why this is, and they must react quickly if they want to keep alive their hopes of fighting for the championship. The two drivers also had very different Sunday afternoons. Leclerc scored his fifth podium finish of the season, his fourth in a row. He was obviously delighted after a race that highlighted not only his talent and clean driving style, but also his bravery in those thrilling duels, both in defence and on the attack. Charles’ comments in the post-race interviews revealed that he happier to have come out on top in his duels with Verstappen and Gasly than with the final result, showing that these are the things that make Formula 1 what it is. Vettel, on other hand, could not muster a smile. Since Canada, Sebastian seems to have been struggling more and more, and at Silverstone those woes deepened further. Unlike Leclerc, he never felt comfortable in the car, as can be seen from the gaps in qualifying and then, in the race, he didn’t make the most of the Safety Car opportunity, after it had seen him move up to third. Then came the mistake when he slammed into the back of Verstappen’s car. He realised immediately that he’d erred and after the race quickly sought Max out to apologise. It’s a difficult moment for Sebastian, as he probably feels under a different kind of pressure than he’s used to, and he must be asking himself what direction he should now go in, given that again this year, his chance of putting Ferrari back on top is slipping away. Sebastian is an incredible driver, as his record shows, but at the moment, he needs to keep calm and to rely on support from his team, which I’m sure he is getting. I reckon there is no other team like Ferrari when it comes to surrounding their drivers with affection and positive energy.
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Post by Joel_W on Jul 16, 2019 7:31:59 GMT -8
As I posted earlier, the fact that Sky TV didn't bother with endless laps of the Mercedes running 1-2, and instead focused on the Ferrari/Red Bull fights, we really saw some incredible F1 racing.
I follow two F1 blogs, which one is Autosport, and they seem to focus on the front wing/lack of downforce as the main issue. This also seems to be the reason why Ferrari has such a hard time keeping their tires up to the proper temps compared to Mercedes and Red Bull. Seems like a fix that can be focused on, but that would cause other downforce and grip issues at the rear of the car. So the problem really is a lot more complicated then it sounded at 1st.
Vettel was clearly #1 at Red Bull, but when they brought on Verstappen, that all changed. So he opted to make the move to Ferrari and once again attain the #1 status. But Ferrari sees Leclerc as the #1 future of the team, not Vettel, and it's reached the point where neither is given anything over the other. The issue that Vettel is facing is he's making error and error, while Leclerc is almost contending, and the equal to Verstappen. Clearly Ferrari isn't happy with this, but he's got a contract through 2020 so the options are really more his then Ferrari's at this point.
Joel
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Post by afx on Jul 16, 2019 9:09:49 GMT -8
Ferrari could easily buy out Vettel's contract if they chose to and move on.
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Post by Joel_W on Jul 16, 2019 9:31:41 GMT -8
Ferrari could easily buy out Vettel's contract if they chose to and move on. JC, That's very true. I was thinking more along the lines that he won't be a free agent after the season, and so far his performance most likely wouldn't land him a solid offer from a contending team, especially as the #1 driver. Assuming that Norris isn't already locked up by McLaren for 2020, I can easily see him slot into Ferrari as the #2. The kid is really quite good. Joel
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Post by vintagerpm on Jul 16, 2019 13:46:24 GMT -8
Vettel was clearly #1 at Red Bull, but when they brought on Verstappen, that all changed. So he opted to make the move to Ferrari and once again attain the #1 status. B As I recall, Ricciardo was #2 to Vettel at Redbull. When Vettle left, Ricciardo became #1 and Kvyat was brought in as #2. Kvyat was later replaced by Verstappen. Then Ricciardo left for Renault as it began to look as though Verstappen was becoming #1. Mike
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Post by Joel_W on Jul 16, 2019 14:32:50 GMT -8
Mike, Thanks for the corrections. I should have checked before I posted.
Joel
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