News Details

Russian GP organisers sue F1 over unpaid fee

Aug.27 The promoters of Formula 1's axed Russian Grand Prix have launched legal action against the sport's commercial rights holder in the UK High Court. According to the state-owned Tass news agency, Rosgonki – the company that organised the Sochi race – is seeking repayment of its pre-paid 2022 fee, believed to be the equivalent of around 50 million pounds. F1 axed the Vladimir Putin-backed event in the wake of Russia's invasion of Ukraine in early 2022. Tass reports that while Formula 1 acknowledges the debt, the funds remain frozen under international sanctions. Rosgonki CEO Irina Aurenius confirmed that negotiations had failed. 'Formula 1 is not taking any action to repay...
Full Story »
Share

You May Also Be Interested In...

Hamilton ‘not like Sainz' amid Ferrari struggle

Aug.25 Frederic Vasseur admits Lewis Hamilton's difficult start at...
2d ago from OneStopStrategy.com

Toto Wolff reveals the ‘problem' that made him...

Toto Wolff has revealed a specific "problem" that made...
5d ago from MotorsportWeek.com

Madrid F1 track designer wanted ‘more extreme'...

Aug.27 Zandvoort's famous steep corners helped inspire Madrid's new...
8h ago from OneStopStrategy.com

Lewis Hamilton vows to ‘keep going' ahead of...

Lewis Hamilton has vowed to "keep going, even when it's...
2d ago from MotorsportWeek.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Popular On TotalWRC.com

Popular On GunnersToday.com

'Big statement' – Arsenal legend comments on...

Arsenal legend Nigel Winterburn has commented on the club's transfer...
3h ago from CaughtOffside.com

Bundesliga club director says he wants to keep Arsenal...

Bayer Leverkusen sporting director Simon Rolfes has expressed a desire to...
1h ago from SportsKeeda.com

Premier League club speaking to Arsenal star's...

Crystal Palace are reportedly speaking to the advisors of Arsenal winger...
3h ago from CaughtOffside.com

“I’ve been saying the last two years' - Pundit...

Former Premier League player turned pundit Danny Simpson believes...
8h ago from SportsKeeda.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.