Title sponsor saga no huge impact on 2020 says Steiner
Honda F1 website
Honda website

OCTOBER 9, 2019

Title sponsor saga no huge impact on 2020 says Steiner

Romain Grosjean, Russian GP 2019
© RV Press

Gunther Steiner has admitted that the Rich Energy affair will have an impact on Haas' bottom line.

For 2019, the American team signed up the mysterious British energy drink company to be its title sponsor.

But after a controversial saga involving Rich Energy's peculiar boss William Storey, Haas is now without a title sponsor.

"Of course we have lost money, but fortunately we are sponsored by Haas Automation," Haas team boss Steiner told Russia's Championat.

"Yes, it will be necessary to save money somewhere to compensate for the loss, but it's not a matter of survival. The situation will not have a huge impact on our 2020 season."

Many had predicted trouble with Rich Energy before the season even began, given the mysteriousness of the brand and the eccentricity of Storey.

Asked if he was afraid this would happen, Steiner answered: "Afraid is the wrong word.

"There is always the possibility of problems, but we got some of the money in advance. We were aware of the risk," he added.

"But if you don't have risk, you don't have opportunity."

(GMM)

Other stories for OCTOBER 9, 2019

F1 CONSIDERING COMBUSTION ENGINE FREEZE FOR 2021

FIA PROPOSES ACTIVE AERODYNAMICS FOR 2021

KUBICA SPONSOR WILL REMAIN IN FORMULA 1

TITLE SPONSOR SAGA NO HUGE IMPACT ON 2020 SAYS STEINER

MERCEDES PAYS WOLFF 8 MILLION EUROS PER YEAR

ZANDVOORT DENIES AGREEING TO SCRAP NON-F1 RACES