Quote:
Originally Posted by EastonNeston
Rich energy have also tweeted a letter from the Haas teams legal representatives stating that Haas have given them 14 days to pay the outstanding sponsorship money, or Haas wil consider taking legal action to recover the funds, £35M, due to the team.
From the letter, it seems Rich Energy are in breach of contract, for not paying agreed fnds & for ending the contract before the first "break" date.
This could run for a long time.
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In my very limited experience with legal representatives it has always been the case that they lose interest quite quickly if it becomes apparent that there is insufficient money present to pay the bill.I have absolutely no doubt that Haas can afford good representation and will be seeking to safeguard their position.