News Details

‘They owe us money': Russia demands compensation from Formula 1

Following the outbreak of war in Ukraine, Formula 1 took the step to unilaterally terminate its contract with Russia, dropping the Russian Grand Prix from the calendar. The situation has left the promoters of the event looking for financial compensation, having paid for an event that didn’t happen. “They owe us money,” promoter Alexey Titov told Russian news agency Tass. “We ask Formula 1 to return it. It was paid but there was no spectacle. Want to work in Formula 1? Browse the latest F1 job vacancies “They admit that there is a debt so in this sense there is no litigation, but they say that they are technically unable to return the money. “We, as an organisation, were once...
Full Story »
Share

You May Also Be Interested In...

Spanish businessman claims Formula 1 will race in...

Alejandro Agag, a Spanish businessman and boss of Formula E, has claimed...
6mo ago from Formula1News.co.uk

Sergio Perez demands Red Bull investigation

As the Miami GP commenced, Sergio Perez sat in pole position, confident...
6mo ago from Formula1News.co.uk

Daniel Ricciardo reveals his plan to return to Formula...

Formula 1 fan favourite, and eight-time Gran Prix winner, Daniel...
6mo ago from Formula1News.co.uk

Jeff Bezos spotted with Lando Norris' dad

Adam Norris, the father of Lando Norris, was spotted in McLaren’s...
6mo ago from Formula1News.co.uk

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

IndyCar hybrid implementation delayed to after 2024...

Another delay has struck IndyCar's planned competition launch of the...
6h ago from SpeedCafe.com

IndyCar delays hybrid rollout until after Indy 500

IndyCar announced today that it has further delayed the implementation of...

Popular On TotalWRC.com

Hankook selected as exclusive tyre supplier to WRC...

Hankook has secured the exclusive tyre supply contract for the FIA World...

Hyundai World Rally Team completes 2024 driver line-up

Hyundai Motorsport has confirmed that Dani Sordo/Cándido Carrera and...

Popular On GunnersToday.com

Paul Merson claims shock club can challenge for the...

The former Arsenal player believes a win over his old side this weekend...
3h ago from CaughtOffside.com

Alan Shearer slams Arsenal star after Luton performance

Alan Shearer was not too impressed with the performance of Arsenal...
5h ago from CaughtOffside.com

Arsenal legend amongst several high-calibre names...

Steve Cooper's position at Nottingham Forest is reportedly in jeopardy...
5h ago from CaughtOffside.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.