Rich Energy

[Adam43]

Autosport have a summary of all this. It’s quite good if you d been dipping in and out as it puts everything on order:
https://www.autosport.com/f1/feature...e-sponsor-saga

They also have some on Niki Lauda:
https://www.autosport.com/f1/feature...auda--19492019
Which is way more interesting.

[S griffin]

Rich Energy have really made themselves look silly. No wonder they are looking for a name change to make a fresh start

[Richard C]

He's back!!!

https://formulaspy.com/f1/william-st...h-energy-63939

Storey back in control.

Richard

[Akrapovic]

Guess who's back, back again. Storey's back, tell a friend.

I actually get excited when there's new posts in this thread. Rich Energy is so mental it's fun.

[crmalcolm]

Originally Posted by Richard Casto

He's back!!!

https://formulaspy.com/f1/william-st...h-energy-63939

Storey back in control.

Richard

Is Storey the only part of the F1 circus that genuinely took a summer break then?

[Richard C]

Originally Posted by crmalcolm

Is Storey the only part of the F1 circus that genuinely took a summer break then?

I was thinking the same thing about the summer break aspect.

So far the Rich Energy twitter feed looks like Storey has yet to extract the password from whoever took over social media while he was in "time out". Given his past history, I just can't see it not going south all over again. It just seems to be in his nature.

I admit I still have moments of schadenfreude, but I am feeling more and more sorry for Haas these days. I expect Haas has gone through all five levels of grief at this point.

There is also this new story...

https://www.motorsport.com/f1/news/r...ision/4523281/

I don't know if that meeting Wednesday between Haas and Rich Energy was before or after Storey regained control.

Richard

[S griffin]

I hope it gets sorted out for the sake of Haas. They do not deserve this

[bjohnsonsmith]

Originally Posted by Richard Casto

He's back!!!

https://formulaspy.com/f1/william-st...h-energy-63939

Storey back in control.

Richard

Reading that article, it sounds like he was never planning on going away. "Rich Energy were renamed Lightning Volt with ownership relinquished by Storey to the BDG Group in London, namely to director Matthew Bruce Kell."

These 6400 shares were transferred to him by Matthew Bruce Kell, of the BDG Group, making Storey the majority shareholder and so he takes back control.

[Richard C]

Originally Posted by bjohnsonsmith

Reading that article, it sounds like he was never planning on going away. "Rich Energy were renamed Lightning Volt with ownership relinquished by Storey to the BDG Group in London, namely to director Matthew Bruce Kell."

These 6400 shares were transferred to him by Matthew Bruce Kell, of the BDG Group, making Storey the majority shareholder and so he takes back control.

So after posting earlier this morning. I wondered if there might have been some type of long game being played. The only thing I can think might have been the point was to somehow evade some type of prior financial liability (such as related to Whyte Bike)?

Thoughts?

Richard

[Adam43]

Originally Posted by Akrapovic

Guess who's back, back again. Storey's back, tell a friend.

I actually get excited when there's new posts in this thread. Rich Energy is so mental it's fun.

I was pleased to see it back too.

Bring on the madness.

[midgetman]

Originally Posted by Richard Casto

So after posting earlier this morning. I wondered if there might have been some type of long game being played. The only thing I can think might have been the point was to somehow evade some type of prior financial liability (such as related to Whyte Bike)?



Thoughts?



Richard

That's a very good thought Richard. Something has gone on for the shares to be transferred back with such unseemly haste. Clearly Storey has some £££ from somewhere.

Sent from my SM-G950F using Tapatalk

[V8 Fireworks]

Originally Posted by S griffin

I hope it gets sorted out for the sake of Haas. They do not deserve this

Well, HAAS F1 Team knew Rich Energy was a dodgy business with no income, no product and no capital and signed them as a sponsor anyway after supposed "due diligence". The same diligence that saw Williams reject Rich Energy in favour of the somewhat more credible Rokit telecommunications.

[peebee2]

Originally Posted by V8 Fireworks

Well, HAAS F1 Team knew Rich Energy was a dodgy business with no income, no product and no capital and signed them as a sponsor anyway after supposed "due diligence". The same diligence that saw Williams reject Rich Energy in favour of the somewhat more credible Rokit telecommunications.

Except Williams didn’t reject them. They wanted to sign but Rich dropped them for Haas.

[S griffin]

Williams needed sponsorship. To not get Rich Energy just added to their woes, so they are now hanging on to what they have got

[billy bleach]

Originally Posted by peebee2

Except Williams didn’t reject them. They wanted to sign but Rich dropped them for Haas.

And you know this how?

[Adam43]

It was suggested in a few articles:
https://www.espn.com/f1/story/_/id/2...saga-explained

[peebee2]

Originally Posted by billy bleach

And you know this how?

It’s common knowledge in the paddock. Claire went to a meeting with the contract. Classless Storey didn’t show.

[steve nielsen]

https://www.haasf1team.com/news/haas...nt-rich-energy

[Richard C]

I wonder if part of the divorce is an agreement to not talk about each other as well as release details of the separation. I wonder how much Haas ultimately got (cash wise) out of Rich Energy and if they got anything like a full or final payment or if Haas was just glad to get out of the deal even if they (legally) may have left money on the table?

In the end, a divorce is not unexpected. Maybe the unexpected part is it might go out with a final whimper vs. a bang? Not that there wasn't plenty of "bang" all along the path to this point.

Lets see how both sides act in the near future. I expect Haas to be professional. I can't predict what Rich Energy is going to do. It seems interesting to me that Rich Energy has been very quiet on the social media front even when Storey supposedly back in control.

As to timing. I find it interesting that roughly an hour ago, Rich Energy twitter was still talking about F1, and just slightly less than an hour ago we see the statement from Haas (nothing yet from Rich Energy). Haas is quickly updating their social media content. Rich Energy still has F1/Haas info.

Its probably just that Haas is moving faster than Rich Energy on this. I guess check back later today or later this week to see what changes.

Richard

[Akrapovic]

Awwww. I was enjoying this!

Note that Rick Parffit Jr, the British GT driver was sponsored by Rich Energy. He's replaced that sponsorship with....Whytes Bikes.

[GT6]

Originally Posted by Akrapovic

Awwww. I was enjoying this!

Note that Rick Parffit Jr, the British GT driver was sponsored by Rich Energy. He's replaced that sponsorship with....Whytes Bikes.

Perhaps they could sponsor Hass as well.

[Richard C]

I was curious, so I looked to see if Rich Energy has unwound their links to Haas. Their main website still has F1/Haas content up. They did have a well done tweet that mentions the divorce...

https://twitter.com/rich_energy/stat...32335716261891

CEO William Storey "I would like to thank @HaasF1Team for great efforts in our partnership. It is regrettable they got caught in crossfire of a shareholder dispute which led to this wholly avoidable fiasco. I wish the team the very best & our passion for motorsport unabated" #F1

Richard

[Adam43]

I don’t think that tweet is genuine. It is borderline professional.

[Richard C]

Originally Posted by Adam43

I don’t think that tweet is genuine. It is borderline professional.

Too professional to stick. Rich Energy is back at it in what looks like to me to be some type of passive aggressive mention...

https://twitter.com/rich_energy/stat...28707535249408

If you don't care to look at the tweet, here is the text...

We wish @HaasF1Team the best of luck in negotiations selling the team to Saudi investors. An excellent team and great investment #haasf1 #sale #business #F1 #Singaporegp
#richenergy #betterthanredbull #Saudi #MiddleEast #Motorsport

Its sort of like walking up to a crowd at work and saying... "So Jim, how is your job hunt going?" Everyone (including Jim's boss) looks at Jim... who may or may not be actually looking to quit his job.

Sort of a "when did you quit beating your wife" moment.

(Edit: Another bizarre tweet earlier doing a backhand to F1 https://twitter.com/rich_energy/stat...40708858920961 Throwing shade as the new kids say!)

Richard

[Akrapovic]

That clip of how good TT riders are is filled with Monster cans. Which is amusing.