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Gene Haas likely to increase F1 team investment
Gene Haas is likely to increase his investment in his Formula 1 team in the wake of Uralkali’s departure as title sponsor. Haas moved quickly in response to Russia’s invasion of Ukraine to terminate the title partnership with Uralkali as well as the driver contract of Nikita Mazepin, with both Mazepin and his father Dmitry – who runs Uralkali – since being sanctioned by the EU. Kevin Magnussen was named as Mazepin’s replacement last week, with a multi-year deal for an experienced driver showing the team’s financial stability.
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