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(Reuters) - The Haas Formula One team will have payments and money transfer company MoneyGram as their title sponsor from next season in a multi-year deal that will provide a welcome infusion of cash for the series' only U.S. based outfit.
Russian racing driver Nikita Mazepin has begun a High Court fight with British government ministers after being made subject to sanctions in the wake of Russia‘s invasion of Ukraine.
Nikita Mazepin has said that he will not race under a neutral flag in order to return to Formula 1 in the future.
LONDON/HONG KONG : Hong Kong-based billionaire Calvin Lo is considering putting more money into Formula One following his connection with F1 team Williams, Lo told Reuters in an interview, adding other Asian investors were also interested in investing in the sport.
Italian authorities said Monday they have frozen a 100-million-euro (109 million dollars) Sardinia villa linked to Russian motor racing driver Nikita Mazepin and his oligarch father Dmitry. The financial police imposed a freezing order on the Rocky Ram villa in Porto Cervo, on the spectacular Costa Smeralda coast on the northeast of the Italian island, a government official said.
Haas team boss Guenther Steiner said he does not regret the team having previously had strong links with Russia.
Sacked Formula One driver Nikita Mazepin has been included on a list of people who face sanctions from the European Union over Russia’s invasion of Ukraine.
Sacked Formula One driver Nikita Mazepin has been included on a list of people who face sanctions from the European Union over Russia’s invasion of Ukraine.