Haas terminates Rich Energy F1 title deal

Haas has ended its Formula 1 title partnership with Rich Energy with immedia🌃te effect following the Italian Grand Prix. 

British energy drinks brand Ricಌh Energy signed a deal to become Haas' first-ever title sponsor ahead of the 2019 season, though t🍬he collaboration has lasted less than a year. 

The news followed directly after last weekend's 13th round of the season at Monz🎉a and came amid an uncer♌tain future between the two parties after Rich Energy became embroiled in a legal dispute over its logo with British bike company Whyte Bikes.

Haas terminates Rich Energy F1 title deal

Haas has ended its Formula 1 title partnership with Rich Energy with immediate effect following the Italia⛄n Grand Prix. 

British energy drinks bran💧d Ric♈h Energy signed a deal to become Haas' first-ever title sponsor ahead of the 2019 season, though the collaboration has lasted less than a year. 

The news followed directly after last wꦡeekend's 13th round of the season at Monza and came amid an uncertain future between the two parties after Rich Energy became embroiled in a legal dispute over its logo with British bike company Whyte Bikes.

Ahead of July's British Grand Prix, the situation escalated when a social media post from Rich Energy's official Twitter account claimed it had terminated its deal 😼with Haas, citing "poor performance" following a difficult start to the campaign for the American squad. 

A team stꦇatement posted on social media on Monday read: "Haas F1 Team and Rich Energy have amicably agreed to end thier partnership together in the FIA Formula 1 World Championship with immediate effect.

"While enjoying substantial brand recognition and significant exposure through its title partnership of Haas F1 Team in 2019, a corporate꧑ restructuring proccess at Rich Energy will see the need꧟ for a revised global strategy.

"Subsequently, Haas F1 Team and Rich Energy con🔯cluded a termination of the existing partnership was the best way forward for both partꦗies. 

"Haas F1 T☂eam would like to express its thanks and best wishes to the sta😼keholders at Rich Energy."

No further information was provided by Haas and it remai💛ns to be seen what effect the deal breakdown will have on Haas' car livery for the remainder of the season. 

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