Haas not planning to quit F1

<i>Image: Rich Energy</i>
<i>Image: Rich Energy</i>

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.

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
DAYS
HRS
MINS
Voting Booth
How should Haas' new driver Nikita Mazepin be punished for his awful behaviour?
Please select an option Oops! Something went wrong, please try again later.
Results
He should be removed from the team
48% - 397 votes
The FIA should give him a hefty fine.
12% - 101 votes
Won't matter, Dad's money will always save him.
40% - 326 votes
Vote