Aug.27 (GMM) The promoters of Method 1’s axed Russian Grand Prix have launched authorized motion towards the game’s industrial rights holder within the UK Excessive Courtroom.
In accordance with the state-owned Tass information company, Rosgonki – the corporate that organised the Sochi race – is in search of compensation of its pre-paid 2022 charge, believed to be the equal of round 50 million kilos.
F1 axed the Vladimir Putin-backed occasion within the wake of Russia’s invasion of Ukraine in early 2022. Tass experiences that whereas Method 1 acknowledges the debt, the funds stay frozen beneath worldwide sanctions.
Rosgonki CEO Irina Aurenius confirmed that negotiations had failed. “Method 1 will not be taking any motion to repay the debt in good religion, in reference to which it was determined to hunt the return of funds by the judicial and authorized system of Nice Britain,” she advised Tass.
“At this stage, we aren’t able to touch upon the main points of the declare, together with the quantity.”
Rosgonki additionally accuses Method 1 of politicising the game by cancelling the race, which was set to maneuver from Sochi to a brand new venue in St Petersburg from 2023.
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