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‘They owe us money': Russia demands compensation from Formula 1
Following the outbreak of war in Ukraine, Formula 1 took the step to unilaterally terminate its contract with Russia, dropping the Russian Grand Prix from the calendar. The situation has left the promoters of the event looking for financial compensation, having paid for an event that didn’t happen. “They owe us money,” promoter Alexey Titov told Russian news agency Tass. “We ask Formula 1 to return it. It was paid but there was no spectacle. Want to work in Formula 1? Browse the latest F1 job vacancies “They admit that there is a debt so in this sense there is no litigation, but they say that they are technically unable to return the money. “We, as an organisation, were once...
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2y ago from Formula1News.co.uk
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