News Details

Rich Energy saga continues as CEO quits

Romain Grosjean in the Haas The saga surrounding the Haas F1 team's title sponsor Rich Energy has taken a further twist with news William Storey has resigned from the company he founded. Storey confirmed his exit from the company, selling his majority share holding, with the company quickly renamed to Lightning Volt. News came again via the Rich Energy Twitter account, which confirmed Storey's departure. William Storey founder of @rich_energy has sold his majority stake in the legal entity of Rich Energy Ltd to a third party. This was in disgust at conduct of duplicitous minority stakeholders. In the words of @Schwarzenegger he'll be back!#richenergy #F1 #nobull #williamstorey...
Full Story »
4y ago from SpeedCafe.com 0
Share

You May Also Be Interested In...

Rich Energy's William Storey facing court again

Rich Energy CEO William Storey is being brought to court over failure to...
4y ago from FormulaSpy.com

Rich Energy becomes... Lightning Volt

Since last week's tweet from Rich Energy claiming that it was terminating...
4y ago from Pitpass.com

Whyte Bikes could seek winding up order against Rich...

Whyte Bikes, the company which won a court order against Haas F1 Team...
4y ago from MotorsportWeek.com

Rich Energy gets a new name as CEO Storey is forced...

Rich Energy frontman William Storey has been ousted as the company's CEO...
4y ago from F1i.com

Elsewhere On The Network

Popular On MGPToday.com

Fernandez to ride 2024 Aprilia MotoGP bike from Jerez...

Trackhouse Aprilia rider Raul Fernandez will ride the 2024 spec bike when...

Popular On IndyCarToday.com

McLaughlin disputes IndyCar's claim that rules...

Scott McLaughlin was one of the two Team Penske IndyCar drivers that were...
10h ago from MotorsportWeek.c...

O’Ward retroactively given St. Pete win after Team...

The NTT IndyCar Series announced on Wednesday that all three Team Penske...
22h ago from MotorsportWeek.c...

Popular On TotalWRC.com

Popular On GunnersToday.com

Flexibility breeds resilience

Jurrien Timber marked his return from injury this week with an outstanding...
44m ago from Arseblog.com

Arsenal join the race to sign playmaker with 10 goal...

Arsenal have been linked with a move for the Shakhtar Donetsk midfielder...
1h ago from CaughtOffside.com

Comments

Hottest News

Audi agree LONG-TERM F1 deal with star driver

Audi have agreed a long-term deal for the first... Read More »
5h ago from GPFans.com

Rosberg reveals financial toll of rivalry with Hamilton

Nico Rosberg recently shed light on an intriguing... Read More »
2h ago from F1i.com

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.