Unpaid legal costs add to Haas F1 team sponsor Rich Energy's saga

Whyte Bikes, which was involved in a copyright-infringement case with Haas's title Formula 1 sponsor Rich Energy, is considering taking steps to recover legal costs that are now overdue

Unpaid legal costs add to Haas F1 team sponsor Rich Energy's saga

In May, Whyte won its action against Rich Energy, its CEO William Storey and logo designer Staxoweb over the use of its stag's head logo. A subsequent court order confirmed that the three defendants should pay costs of £35,416 by July 11.

That deadline was not met, and Whyte said on Friday that in order to recover the money it was awarded its options could include submitting applications to wind up Rich and Staxoweb, and petitioning for Storey's bankruptcy.

A statement from Whyte noted: "On June 27 2019 the High Court in London made various orders against the defendants, Rich Energy, William Storey and Staxoweb. One of the orders was that they should pay to Whyte (ATB Sales) costs totalling £35,416 by 11 July 2019.

"The defendants have failed to pay any of the costs award. Each of the defendants is jointly liable for the whole amount of costs awarded.

"ATB will now be forced to take appropriate action to recover the costs that they have been awarded. This may include applications to the Court to wind up both Rich Energy and Staxoweb and to petition for the bankruptcy of Mr Storey."

The missed payment deadline came the day after Storey is alleged to have used Rich's Twitter account to announce that the Haas sponsorship deal had been terminated, a move that was subsequently challenged by Rich's shareholders.

In another development, the Rich Twitter account - which is assumed to still be under the control of Storey - released a copy of a letter from Haas's lawyer Jeremy Courtenay-Stamp to Neville Weston, one of the minority shareholders in Rich who has been seeking to oust Storey.

The letter appears to back Storey's claim that he is still in control of Rich.

In it, Courtenay-Stamp noted that Haas would deal with Rich Energy's new management if it "sees clear and unambiguous evidence that Mr Storey has been removed as a director of the company and that a new CEO has been validly appointed in his place".

He added: "we are somewhat at a loss as to how you will be able to wrestle control of the company from Mr Storey."

shares
comments
Leclerc plays down chances of fighting Mercedes in British GP

Previous article

Leclerc plays down chances of fighting Mercedes in British GP

Next article

Russell: F1 drivers made to 'look like idiots' by Silverstone wind

Russell: F1 drivers made to 'look like idiots' by Silverstone wind
Load comments
Why momentum is again behind Australia’s aces Plus

Why momentum is again behind Australia’s aces

At the Italian Grand Prix Daniel Ricciardo turned around a troubled F1 season and, in F2, Oscar Piastri demonstrated once again that he is a potential star of the future. BEN EDWARDS weighs up the prospects of F1 having two Australian stars

The tough balancing act facing Schumacher’s Netflix film producers Plus

The tough balancing act facing Schumacher’s Netflix film producers

Michael Schumacher is the latest sporting superstar to get the ‘Netflix treatment’, with a special documentary film airing on the US streaming giant’s platform this month. DAMIEN SMITH has the inside track on how the filmmakers gained access to tell the human story behind one of Formula 1’s most publicity-shy champions - while the man himself, for obvious reasons, is in absentia… 

Formula 1
Sep 25, 2021
The times that suggest Verstappen should be confident of F1 Russian GP recovery Plus

The times that suggest Verstappen should be confident of F1 Russian GP recovery

For the second race in a row, Mercedes has ended the first day of track action on top. It’s in a commanding position at the Russian Grand Prix once again – this time largely thanks to Max Verstappen’s upcoming engine-change grid penalty. But there’s plenty to suggest all hope is not lost for the championship leader at Sochi

Formula 1
Sep 24, 2021
The ‘backwards step’ that is the right move for Formula 1 Plus

The ‘backwards step’ that is the right move for Formula 1

OPINION: With its days apparently numbered, the MGU-H looks set to be dropped from Formula 1’s future engine rules in order to entice new manufacturers in. While it may appear a change of direction, the benefits for teams and fans could make the decision a worthwhile call

Formula 1
Sep 23, 2021
The floundering fortunes of F1’s many Lotus reboots Plus

The floundering fortunes of F1’s many Lotus reboots

Team Lotus ceased to exist in 1994 - and yet various parties have been trying to resurrect the hallowed name, in increasingly unrecognisable forms, ever since. DAMIEN SMITH brings GP Racing’s history of the legendary team to an end with a look at those who sought to keep the flame alive in Formula 1

Formula 1
Sep 22, 2021
Why the 2021 title fight is far from F1's worst, despite its toxic background Plus

Why the 2021 title fight is far from F1's worst, despite its toxic background

OPINION: Formula 1 reconvenes for the Russian Grand Prix two weeks after the latest blow in ‘Max Verstappen vs Lewis Hamilton’. While the Silverstone and Monza incidents were controversial, they thankfully lacked one element that so far separates the 2021 title fight from the worst examples of ugly championship battles

Formula 1
Sep 22, 2021
How F1’s other champion to emerge from 1991 thrived at Lotus Plus

How F1’s other champion to emerge from 1991 thrived at Lotus

Mika Hakkinen became Michael Schumacher’s biggest rival in Formula 1 in the late-90s and early 2000s, having also made his F1 debut in 1991. But as MARK GALLAGHER recalls, while Schumacher wowed the world with a car that was eminently capable, Hakkinen was fighting to make his mark with a famous team in terminal decline

Formula 1
Sep 21, 2021
The forgotten F1 comeback that began Jordan’s odyssey  Plus

The forgotten F1 comeback that began Jordan’s odyssey 

Before Michael Schumacher – or anyone else – had driven the 191 (or 911 as it was initially called), Eddie Jordan turned to a fellow Irishman to test his new Formula 1 car. JOHN WATSON, a grand prix winner for Penske and McLaren, recalls his role in the birth of a legend…

Formula 1
Sep 20, 2021