Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Business

Failed Force India buyer Rich Energy teams up with Haas F1

Oct 19, 2018; Austin, TX, USA; Haas driver Kevin Magnussen (20) of Denmark during practice for the United States Grand Prix at Circuit of the Americas. Mandatory Credit: Jerome Miron-USA TODAY Sports

MEXICO CITY (Reuters) - Energy drink Rich Energy, a start-up brand recently linked to billionaire West Ham United soccer club owner David Sullivan, is to become title sponsor of the Haas Formula One team in a multi-season deal starting next season.

Rich Energy had previously expressed an interest in buying Force India before the financially-stricken Formula One team was rescued in July by a consortium led by Canadian billionaire Lawrence Stroll.

U.S.-owned Haas announced the deal at the Mexican Grand Prix on Thursday but gave no details other than saying a significant change of livery would be involved.

"Our partnership with Haas F1 Team ensures we have a prized asset on which to build our global marketing efforts," said William Storey, chief executive of the London-based company, in a statement.

Storey announced on www.linkedin.com on Oct. 12 that Sullivan, West Ham's co-chairman and majority shareholder, had taken a 'significant stake'.

The Rich Energy website (www.richenergy.com) also includes the West Ham women's team among its brand ambassadors.

Haas, who enjoy a close technical partnership with Ferrari, are fifth in the Formula One constructors' standings.

(Reporting by Alan Baldwin in London, editing by Martyn Herman)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.