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DATE News (chronologically)
11/16/19
f1
Haas F1 team to be sold (4th Update)
Is Gene Haas tired of throwing money down the F1 rat hole?
Gene Haas not pulling plug until he can unload his financial albatross

UPDATE (GMM) Team boss Gunther Steiner says he is waiting to hear if Haas owner Gene Haas will commit to Formula 1 beyond 2020.

The American team had a poor 2019 season - its fourth on the grid - and boss Steiner has already admitted that Gene Haas is contemplating the future.

"First of all, no one is sure that they will be here in 2021, because no contracts have been signed," Steiner said in Brazil, referring to the expiring Concorde Agreement.

"It does not depend on me what we will do in 2021, but anyway we cannot stop development. We must continue as though we will continue to be in F1."

As for Gene Haas' deliberations, he admitted: "There has been no progress for a couple of weeks, but I hope that there will be news next week.

"He must understand what he wants to do, so we wait patiently for that. It's a serious decision for him and I understand that he needs time to weigh everything up properly."



11/11/19 (GMM) Team owner Gene Haas has "doubts" about the American team's future in Formula 1.

That is the admission of team boss Gunther Steiner, who says he had to discuss the team's more-than-difficult 2019 season with owner Gene Haas in Austin.

"The biggest problem he has is with our performance," Steiner told Racer magazine.

"Who is impressed with the state of F1 if you don't make money out of it? It's a big investment."

At present, with the controversial 2021 rules having been handed down, the ten teams are having to think about signing a new Concorde Agreement, binding them to the sport beyond 2020.

When asked about Gene Haas' deliberations, Steiner said: "He's just like every good businessman. He has to rethink what to do, but he is not negative about it.

"For sure he has doubts like everybody else and it's something new, but it's normal business."



10/02/19 (GMM) 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 tires and controversial title sponsor Rich Energy pulling out.

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".

According to Forbes, the statements were dated 17 May of this year.

Owned by Gene Haas, the team entered Formula 1 in 2016.



Steiner
Steiner leading the Haas team to the back of the grid

09/27/19 (GMM) Gunther Steiner has again played down suggestions Haas could be sold to investors from Saudi Arabia.

After splitting recently as Haas' title sponsor, Rich Energy boss William Storey said on Twitter: "We wish Haas the best of luck in negotiations selling the team to Saudi investors".

Team boss Steiner responded at Sochi: "I really do not know what to say except I also wish the investors good luck, because I don't know them.

"Haas is not for sale. This is one of the usual tweets from them (Rich Energy) and I'd rather not get into it. It's not our style," he added.

However, there are rumors swirling around the American team.

One of them is that Robert Kubica's sponsor PKN Orlen could switch to Haas for 2020. The Polish driver could then become a simulator and occasional Friday driver.

"Of course we are interested in working with Robert, but I do not know what his plans are," Steiner responded.

"I have told him to let me know if he is interested, but the decision depends more on him than on me."

Kubica is also linked with a Ferrari test role for 2020.

"Last year I had interesting negotiations with a top team," he admitted in Russia.

"It was a proposal designed for the long term, but it basically meant I had to forget about driving and do some other tasks.

"But I felt that I had the chance to race and that I should use it and I do not regret that decision," Kubica added.

"This year everything is a little different and in the end I will have to choose from what is on the table. Time will tell where I end up."



09/25/19 Gunther Steiner denies this, but where there is smoke, there is fire.

Speaking to Autosport, a bemused Steiner said: “I don’t know how to respond. I wish the investors also good luck and thank you. I don’t know them.

“No, you cannot buy it. It is one of their [Rich Energy's] tweets and I don't answer to tweets or anything. It's not us. I don't want to go there."

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