Rich Energy drop Haas. No...Really. Seriously...
Discussion
Deesee said:
Well.. when you put it like that..
When its all put to bed, it will be interesting to see if its an onshoring of cash of previous off shore (cash from tax havens), money laundering, or just pretend...
A tiny tiny bit of me says fair play - it’s hard enough to get into a gp these days, very hard to get into the paddock - to pretend to sponsor a whole team and get all that access, blag level 100 When its all put to bed, it will be interesting to see if its an onshoring of cash of previous off shore (cash from tax havens), money laundering, or just pretend...
Petrus1983 said:
A tiny tiny bit of me says fair play - it’s hard enough to get into a gp these days, very hard to get into the paddock - to pretend to sponsor a whole team and get all that access, blag level 100
I did wonder if that’s the whole point of RE. I mentioned in the previous thread seeing Beardy in the ring after sponsoring a boxer. It’s an expensive way to get full VIP access. If you can use pretend money, even better. skwdenyer said:
Oi_Oi_Savaloy said:
Storey is the 'person with significant control' of rich energy Ltd, according to companies House (as of yesterday when I had a look. Its free so feel free to look too.
A totally f*cked up situation for all concerned.
There are - or alleged to be - many Rich Energy entities across the globe. So far I've only found RICH ENERGY (IOM) LIMITED (Isle of Man) but others may have different names.A totally f*cked up situation for all concerned.
For that matter, I haven't yet found "Brandsellers" (a shareholder) in any of the usual onshore or offshore registries.
Rich Energy Racing Ltd is of course different to Rich Energy Ltd.
RE Ltd's shares were recently subdivided (which might indicate some changes not yet reported); at about the same time, RE Ltd extended its financial year (otherwise it would have had to file accounts before now, which might have burst the bubble a bit if gossip is to be believed).
As regards the matter at hand, RE have published this on Twitter just now:
https://twitter.com/rich_energy/status/11496705592...
Brilliant!!
Shamelessly copied from Reddit:
https://suite.endole.co.uk/insight/company/0979166...
Can anyone give an analysis please?
https://suite.endole.co.uk/insight/company/0979166...
Can anyone give an analysis please?
Big Nanas said:
Shamelessly copied from Reddit:
https://suite.endole.co.uk/insight/company/0979166...
Can anyone give an analysis please?
What analysis do you want beyond what's on that page, exactly?https://suite.endole.co.uk/insight/company/0979166...
Can anyone give an analysis please?
Big Nanas said:
Shamelessly copied from Reddit:
https://suite.endole.co.uk/insight/company/0979166...
Can anyone give an analysis please?
Well, they've got £580 quid in the bank and a management team comprising a pub landlord*, a computer consultant and a kip fit instructor.https://suite.endole.co.uk/insight/company/0979166...
Can anyone give an analysis please?
Everything you'd expect of a top flight sponsor in F1
- Pub Landlord has resigned but worthy of mention!
Big Nanas said:
Ok, well I don't understand it - now that you've made me look stupid, does that information provide any useful information relevant to this thread?
Breakdown of what’s what. https://reddit.com/r/formula1/comments/cbw5pt/a_su...
p1stonhead said:
Breakdown of what’s what.
https://reddit.com/r/formula1/comments/cbw5pt/a_su...
Sorry yes, I know all that, it was asking if the link I posted was of any relevance https://reddit.com/r/formula1/comments/cbw5pt/a_su...
(or rather if any conclusions can be drawn)Edited by Big Nanas on Friday 12th July 18:07
Not sure I've seen this anywhere else worded quite like this, from crash.net (link below, quotes as page full of ads / autoplay);
Rich Energy commits to Haas F1 team after "regrettable" incident
8
F1
Lewis Larkam
11 Jul 2019
Rich Energy has commited to the Haas F1 team following a "regrettable" incident ahead of the British Grand Prix.
Rich Energy has reaffirmed its commitment to the Haas Formula 1 team following a "regrettable" incident on the eve of the British Grand Prix.
A statement posted on social media on Wednesday ahead of this weekend's race claimed the British Energy drinks firm had terminated its title sponsorship deal with Haas.
But in a statement released by Rich Energy's shareholders on Thursday, the company said it will seek to "legally remove the individual" who posted the Tweet, adding the "rogue actions of one individual" did not represent the views of the firm.
"The shareholders who own the majority of Rich Energy, would like to clarify certain statements that have been circulated in the media from an unauthorised source," a statement read.
"We wholeheartedly believe in the Haas F1 Team, its performance, and the organisation as a whole and we are fully committed to the current sponsorship agreement in place. We also completely believe in the product of Formula 1 and the platform it offers our brand.
"Clearly the rogue actions of one individual have caused great embarrassment. We are in the process of legally removing the individual from all executive responsibilities.
"They may speak for themselves but their views are not those of the company. The incident is very regrettable; we will not be making further comment on this commercially sensitive matter and will be concluding it behind closed doors.
"We wish to confirm our commitment to the Haas F1 Team, Formula 1 and to thank the Haas F1 Team for their support and patience whilst this matter is dealt with internally."
from:https://www.crash.net/f1/news/925261/1/rich-energy-commits-haas-f1-team-after-regrettable-incident
Rich Energy commits to Haas F1 team after "regrettable" incident
8
F1
Lewis Larkam
11 Jul 2019
Rich Energy has commited to the Haas F1 team following a "regrettable" incident ahead of the British Grand Prix.
Rich Energy has reaffirmed its commitment to the Haas Formula 1 team following a "regrettable" incident on the eve of the British Grand Prix.
A statement posted on social media on Wednesday ahead of this weekend's race claimed the British Energy drinks firm had terminated its title sponsorship deal with Haas.
But in a statement released by Rich Energy's shareholders on Thursday, the company said it will seek to "legally remove the individual" who posted the Tweet, adding the "rogue actions of one individual" did not represent the views of the firm.
"The shareholders who own the majority of Rich Energy, would like to clarify certain statements that have been circulated in the media from an unauthorised source," a statement read.
"We wholeheartedly believe in the Haas F1 Team, its performance, and the organisation as a whole and we are fully committed to the current sponsorship agreement in place. We also completely believe in the product of Formula 1 and the platform it offers our brand.
"Clearly the rogue actions of one individual have caused great embarrassment. We are in the process of legally removing the individual from all executive responsibilities.
"They may speak for themselves but their views are not those of the company. The incident is very regrettable; we will not be making further comment on this commercially sensitive matter and will be concluding it behind closed doors.
"We wish to confirm our commitment to the Haas F1 Team, Formula 1 and to thank the Haas F1 Team for their support and patience whilst this matter is dealt with internally."
from:https://www.crash.net/f1/news/925261/1/rich-energy-commits-haas-f1-team-after-regrettable-incident
Taken from reddit:
“Whyte Bikes have not been paid the £35,416 due to them from Rich Energy, William Storey & Staxoweb. They have indicated they are now going to take appropriate action, including court applications to wind up RE, Staxoweb and petition for the bankruptcy of Storey. #F1 #BritishGP”
Edit: also now reported on motorsport.com
“Whyte Bikes have not been paid the £35,416 due to them from Rich Energy, William Storey & Staxoweb. They have indicated they are now going to take appropriate action, including court applications to wind up RE, Staxoweb and petition for the bankruptcy of Storey. #F1 #BritishGP”
Edit: also now reported on motorsport.com
Edited by Teppic on Friday 12th July 18:21
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