Sponsor Williams F1 2019. Williams pulls in over 35 million dollars after lawsuit win Williams is having a great start to 2022 The team has won the lawsuit against their former sponsor It earns them $357 million The partnership between ROKiT and Williams began in 2019 The American telecommunications company was announced as the team’s title sponsor on a threeyear.
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After extending a deal in 2019 ROKiT were meant to remain Williams‘ title sponsor until at least the end of the 2023 season in Formula.
Williams F1 team wins £26m lawsuit against former …
But in May 2020 just a month before the start of F1‘s Covidimpacted season Williams suddenly terminated its sponsorship deal with ROKiT In a nutshell it appears that Williams had cause to do so as its partner had not fulfilled its contractual obligations and had withheld several instalments ranging from £35m to £5m.
Williams set for potential $36m windfall after legal case
Williams F1 has won $357 million dollars in arbitration after their former title sponsor ROKiT reneged on a two multiyear sponsorship deals After extending a deal in 2019 ROKiT was to remain Williams’ title sponsor until at least the end of the 2023 season in Formula One As reported by Motorsportweekcom The London Court of International Arbitration.
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Williams have won $357 million in arbitration after the team’s former title sponsor ROKiT pulled out of a pair of multiyear sponsorship deals Williams and ROKiT joined forces ahead of the 2019 season on an initial threeyear contract which was soon extended by a further two years – meaning the partnership should have lasted until at least the end of 2023.
