Aug.27 (GMM) The promoters of System 1’s axed Russian Grand Prix have launched authorized motion in opposition to the game’s industrial rights holder within the UK Excessive Court docket.
In response to the state-owned Tass information company, Rosgonki – the corporate that organised the Sochi race – is in search of compensation of its pre-paid 2022 price, 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 stories that whereas System 1 acknowledges the debt, the funds stay frozen beneath worldwide sanctions.
Rosgonki CEO Irina Aurenius confirmed that negotiations had failed. “System 1 is just not taking any motion to repay the debt in good religion, in reference to which it was determined to hunt the return of funds via the judicial and authorized system of Nice Britain,” she advised Tass.
“At this stage, we’re not able to touch upon the small print of the declare, together with the quantity.”
Rosgonki additionally accuses System 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.
