The long running saga of Rich Energy, the British energy drink who are title sponsor to the Haas F1 Team appears for the time being at least to be over following the news this evening that company founder William Storey has sold his controlling stake in the company.
It has also been confirmed that the company has been renamed Lightning Volt.
Rich Energy tweeted on Tuesday saying:
William Storey founder of @rich_energy has sold his majority stake in the legal entity of Rich Energy Ltd to a third party. This was in disgust at conduct of duplicitous minority stakeholders. In the words of @Schwarzenegger he’ll be back!#richenergy #F1 #nobull #williamstorey