SHR FUTURE IS IN TROUBLE…..

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Annalee
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SHR FUTURE IS IN TROUBLE…..

Post by Annalee »

This is not good….

Kevin Harvick and Stewart-Haas Racing Face Uncertainty Over a Ukraine-Driven F1 Development
by John Moriello
Published onMarch 5, 2022
While a Formula 1 organization is going through a dramatic shakeup two weeks before the season, the Stewart-Haas Racing NASCAR team may very well feel residual effects. Gene Haas dumped his F1 outfit’s primary sponsor on Saturday over the war in Ukraine at a cost potentially running into the tens of millions of dollars.

It creates doubt that Haas can commit to doing whatever it takes to give SHR drivers Kevin Harvick, Aric Almirola, Chase Briscoe, and Cole Custer what they need in the 2022 NASCAR Cup Series.

Kevin Harvick went from nine NASCAR Cup Series victories in 2020 to none last year. In fact, the entire Stewart-Haas Racing team slumped, and Aric Almirola was the only one of the four drivers to win. There was some conjecture that SHR limited spending on hardware and development that would become obsolete once the Next Gen car arrived.

Coincidentally or otherwise, the Haas Formula 1 team has been in a downward spiral and did not score a point in the 22-race 2021 season. Also coincidentally or otherwise, F1 was also preparing to make changes to its cars, which are considerably more expensive than those in the Cup Series. Haas admitted trimmed spending there.

Gene Haas is a wealthy businessman, having founded machine tool manufacturer Haas Automation. However, only Haas can be sure how much red ink he’s willing to absorb if losing his F1 title sponsor costs him $30 million or even more. He might consider reeling in expenses elsewhere, potentially including Stewart-Haas Racing.

The Haas Formula 1 team announced two related moves on Saturday, releasing a driver two weeks before the start of the season and breaking ties with the team’s title sponsor.

Haas terminated Russian driver Nikita Mazepin’s contract and also ended the sponsorship arrangement with Russian company Uralkali, owned by Mazepin’s father, Dmitry, The Associated Press reported. The moves follow the Russian invasion of Ukraine, which has caused the sports world to impose sanctions. Already, F1 has canceled its contract with the Russian Grand Prix, and FIFA and UEFA have removed the country’s soccer teams from competitions.

“As with the rest of the Formula 1 community, the team is shocked and saddened by the invasion of Ukraine and wishes for a swift and peaceful end to the conflict,” Haas said in a statement.
Last edited by Annalee on Mon Mar 07, 2022 11:53 am, edited 1 time in total.
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Re: SHR FUTURE IS IN BIG TROUBLE…..

Post by alenigma »

I don't know where to start..,,,Gene could walk-away from F1 and not have the financial headaches.
Tony has been obsessed with Leah and drag racing
It seems that Zippy is the only GUY at SHR that holds it together.
Let the Next Generation Emerge! :s_bomb
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Annalee
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Re: SHR FUTURE IS IN TROUBLE…..

Post by Annalee »

Gene Haas just can’t walk away…Do you have any idea his investment in the sport? ..….millions..SMH…..
As for Tony…Leah is his wife…A championship driver…Why wouldn’t he invest in her…She has enough money to in charge of her own team….And if you think Zippy is running SHR, think again…He is VP of competition…..He is a big part of the organization but no way has full control of what is going on SHR…You might be very surprised at who all is running the show…..
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