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Old 11 Jul 2019, 00:45 (Ref:3916932)   #91
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They could have exited with class.
They couldn’t because as Steve says

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They never had class...
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Old 11 Jul 2019, 02:29 (Ref:3916942)   #92
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I hope Rich Energy get what they deserve. The way they’ve behaved has been nothing short of petulant and really Haas deserve better than that
Do they though?

Its all very well to think you have hooked up with the next Dietrich Mateschitz but surely due diligence is still the responsibility of the team, before a single dollar/euro/pound is banked.

It may be seen to reflect poorly on Haas to have this happen.. and if they had any commercial sponsors on the car other than Haas Automation Inc, those sponsors may feel maligned by association with the Rich Energy lawsuit and rebrand and now withdrawal.

Question though... all those cans with the logo on them for sale on eBay, will the merchandise with the logo, without the logo, and without the brand, as an evolution, be worth something as a boxed set of 3...
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Old 11 Jul 2019, 08:30 (Ref:3916971)   #93
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It was unrealistic that Rich Energy expected them to beat Red Bull straight away. F1 doesn't work like that. They were obviously in F1 for the wrong reasons. You can see why Dietrich is in F1 for the right reasons, why else would he have stuck with the midfield Sauber for so long?
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Old 11 Jul 2019, 10:52 (Ref:3916976)   #94
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According to Autosport, Rich Energy's investors are trying to salvage the Haas F1 team deal and say that the tweet either written or authorised by William Storey was done so without their knowledge.
Here is a link to the story, I don't know if it is behind a paywall, I subscribe: https://www.autosport.com/f1/news/14...vage-haas-deal
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Old 11 Jul 2019, 11:23 (Ref:3916984)   #95
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Well they could just be saying to protect their brand, but either way it doesn’t do any favours for anybody
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Old 11 Jul 2019, 11:50 (Ref:3916988)   #96
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According to Autosport, Rich Energy's investors are trying to salvage the Haas F1 team deal and say that the tweet either written or authorised by William Storey was done so without their knowledge.
Here is a link to the story, I don't know if it is behind a paywall, I subscribe: https://www.autosport.com/f1/news/14...vage-haas-deal
Interesting. I had thought that Storey was the majority shareholder. In that while he may have gone about it the wrong way, or without consulting the other shareholders, in the end, he would get his way. But... if a majority can be built without him... power struggle at Rich Energy!

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Old 11 Jul 2019, 12:07 (Ref:3916990)   #97
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Well they could just be saying to protect their brand, but either way it doesn’t do any favours for anybody
The best way for the other shareholders to protect their brand is to wave bye to Storey.

Storey:'We terminated them. Unfortunate but logical decision in light of events. Haas [are] nice people but the car is going backwards. We are a superior product to Red Bull. A milkfloat at back of grid a disaster for us. End of.'

Steiner: '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.'

If Rich Energy want lessons on how to troll effectively, they should read some reviews by 'Vijay' on Amazon:

'This promised so much - I thought Rich Energy would give me enough power that I could travel back to India, drive around in a fancy Mercedes powered car and beat Red Bull. Sadly, Rich Energy was full of artificial ingredients that left a bad taste in my mouth - which a cursory look at the details would have told me in advance. Instead we were headed straight to the scene of the accident. Fortunately I have many BWT Vida Water Filter Jug, White, 2.6 Litre to remove the bad taste.'

'I was at a party and recommended this to my friend Claire as a mixer, as she was running low on Martini. Initially it looked good, but the taste was not good and there was a really funny smell - so she was totally left in the lurch and had nothing to offer her guests Robert & Esteban.
However, if you are American and more easy going, or perhaps you aren't too bothered about how it smells or things like due diligence then this is probably the energy drink for you.'
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Old 11 Jul 2019, 13:16 (Ref:3916999)   #98
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What is Gene Haas doing? At this point id have thought that a business man like himself would cut all ties with this company.
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Old 11 Jul 2019, 14:13 (Ref:3917011)   #99
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What is Gene Haas doing? At this point id have thought that a business man like himself would cut all ties with this company.

I would hazard a guess that the team would be taking legal advice about a contract that exists between Haas and Rich Energy, and will be considering ways that the contract can be honoured/enforced. I would further assume that Rich Energy have not yet completed making the payments that would be due in accordance with the contract between the two parties.
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Old 11 Jul 2019, 15:20 (Ref:3917017)   #100
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What is Gene Haas doing? At this point id have thought that a business man like himself would cut all ties with this company.
First, I have been curious as I just don't think I have seen Gene Haas around much this season. Guenther has been the face of the team. Not that I see a problem with that, but it seems like Gene was more visible previously. I don't think anything weird is going on, but more likely Gene is just letting Guenther get on with it.

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I would hazard a guess that the team would be taking legal advice about a contract that exists between Haas and Rich Energy, and will be considering ways that the contract can be honoured/enforced. I would further assume that Rich Energy have not yet completed making the payments that would be due in accordance with the contract between the two parties.
I expect you are very correct. Who knows how the contract is written, but I can imagine that Haas is looking to position itself so that any financial damage is felt by Rich Energy and not Haas. Haas is running a playbook as defined by their attorneys. William Storey is making it up on the fly. Rich Energy shareholders are in damage control mode.

I saw a post on another forum, and I have LITTLE faith in the accuracy, but they said William Storey was "fired" last night. Not sure what "fired" would be other than loosing his CEO title. That story could be very wrong today, but might be right in the long term.

Assuming he is significant shareholder (but not majority), I can imagine recent (current Haas drama) and past (Whyte logo) issues may result in him getting sidelined by the board, but still involved somehow. That someone else may end up running the company day to day. Or at a minimum his ability to issue press releases, social media, etc. are taken away from him. He may be the visionary and "face" of the company, but he very much a loose cannon that is wreaking havoc on the deck.

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Old 11 Jul 2019, 16:05 (Ref:3917021)   #101
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I saw a post on another forum, and I have LITTLE faith in the accuracy, but they said William Storey was "fired" last night. Not sure what "fired" would be other than loosing his CEO title. That story could be very wrong today, but might be right in the long term.
This article seems to suggest that Storey was 'fired', and the tweet was a result of his reaction.
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Old 11 Jul 2019, 17:17 (Ref:3917028)   #102
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More info from the majority shareholders of Rich Energy...

https://www.motorsport.com/f1/news/r...-haas/4492643/

Interesting quote...

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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.
Who said F1 is not exciting?



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Old 11 Jul 2019, 17:27 (Ref:3917029)   #103
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You really couldn’t make it up - it’s so unbelievable!
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Old 11 Jul 2019, 17:33 (Ref:3917030)   #104
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Billy Storey is going to be in the local job centre soon.
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Old 11 Jul 2019, 18:45 (Ref:3917037)   #105
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Billy Storey is going to be in the local job centre soon.
You can just see it!

“What have you been doing since you last signed on two weeks ago Mr Storey?”

“Well, I won the F1 world title 12 years running!”
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