02 Oct 2019

Haas not planning to quit F1

Formula 1 team Haas has no immediate plans to pull out of the sport.

The American outfit has had a tumultuous 2019 season, with its car struggling to cope with the Pirelli tyres and controversial title sponsor Rich Energy pulling out.

Haas still surviving

But F1 business journalist Christian Sylt has found in Haas' financial statements that Haas will receive "financial support ... for the company to continue in operation for ... at least 12 months from the date of ... these financial statements".

READ: Gene Haas won't quit amid nightmare F1 season - boss

According to Forbes, the statements were dated 17 May of this year.

Owned by Gene Haas, the team entered F1 in 2016.

After review of dispute with investors who created havoc via UK distribution company Rich Energy CEO & all stakeholders have asked @HaasF1Team to explain how they did a deal with unauthorized non officers of @rich_energy. As such title partnership still on #RussianGP #F1 #NoDeal pic.twitter.com/br73sgTRmB
— Rich Energy (@rich_energy) September 29, 2019

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