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...
1y ago from Formula1News.co.uk

Sergio Perez demands Red Bull investigation

As the Miami GP commenced, Sergio Perez sat in pole position, confident...
1y 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...
1y ago from Formula1News.co.uk

Jeff Bezos spotted with Lando Norris' dad

Adam Norris, the father of Lando Norris, was spotted in McLaren’s...
1y ago from Formula1News.co.uk

Elsewhere On The Network

Popular On MGPToday.com

FIM announces MotoGP engine-freeze from 2025 season

The FIM has announced that there will be a two-year engine freeze for all...

Popular On IndyCarToday.com

Popular On TotalWRC.com

Popular On GunnersToday.com

Arsenal receive Gabriel Martinelli injury update as...

The Brazilian Football Federation announces that Arsenal's Gabriel...
1h ago from SportsMole.co.uk

Arsenal dealt another injury scare as video emerges...

Arsenal may have been dealt yet another injury scare as Gabriel Martinelli...
2h ago from CaughtOffside.com

Arsenal look ready to rival Chelsea for £67m transfer...

Arsenal are reportedly showing an interest in Sporting Lisbon defender...
2h ago from CaughtOffside.com

Arsenal switch focus from 30m transfer target to...

Arsenal have reportedly decided to end their transfer interest in Espanyol...
1h 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.