Title sponsor saga no 'huge impact' on 2020 - Steiner

Image: AFP
Image: AFP

Gunther Steiner has admitted that the Rich Energy affair will have an impact on Haas' bottom line.

For 2019, the American team signed up the mysterious British energy drink company to be its title sponsor.

Loss of money

But after a controversial saga involving Rich Energy's peculiar boss William Storey, Haas is now without a title sponsor.

READ | Haas not planning to quit F1

"Of course we have lost money, but fortunately we are sponsored by Haas Automation," Haas team boss Steiner told Russia's Championat.

"Yes, it will be necessary to save money somewhere to compensate for the loss, but it's not a matter of survival. The situation will not have a huge impact on our 2020 season."

Many had predicted trouble with Rich Energy before the season even began, given the mysteriousness of the brand and the eccentricity of Storey.

Asked if he was afraid this would happen, Steiner answered: "Afraid is the wrong word.

"There is always the possibility of problems, but we got some of the money in advance. We were aware of the risk.

"But if you don't have risk, you don't have opportunity," he added.

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
Lockdown For
Voting Booth
Do you think Lewis Hamilton deserves to be knighted by the Queen?
Please select an option Oops! Something went wrong, please try again later.
Yes, he is an incredible athlete
28% - 27 votes
No, he hasn't done anything special
20% - 19 votes
He is good, but doesn't deserve the honour
52% - 50 votes