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this post was submitted on 25 Sep 2024
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Formula 1
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F1 stuff is always so crazy.
In 2018, Vijay Mallya, accused of fraud and defaulting on loans, could not afford to continue to run Force India, and sold it to Lawrence Stroll.
Therefore Williams lost the Stroll money and had to turn to Rokit as a new title sponsor. Rokit already had a shady reputation among fans because they had such a Rich Energy energy of "nobody buys their stuff, are they able to afford this?"
And then Rokit bailed, not paying any money in 2020. Which led to Claire selling the team because, as she says, there was no money left.
Also worth pointing out that Mazepin offered more money for FI than Stroll yet the administrators decided Stroll was the better long term owner for the company and sold to him instead, in a remarkable common sense over profit decision. If Mazepin had succeeded in purchasing FI then Stroll would have likely stayed at Williams.