Williams Storey, CEO of Haas title sponsor Rich Energy, has attacked a statement by his own company which denied it had terminated its contract with the Formula 1 team and accused other shareholders of attempting a “palace coup”.
A group referring to themselves as “the shareholders who own the majority of Rich Energy” blamed “the rogue actions of one individual” after a social media post yesterday claimed the company was ending its support of Haas due to its “poor performance”.
“The ludicrous statement by minority shareholders cosy with Red Bull and Whyte Bikes is risible,” said the statement attributed to Storey.

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