F1

Henkel, Mercedes, settle F1 sponsorship dispute

The sponsorship dispute between the Mercedes GP team and Henkel, a German adhesives and liquids company, has been settled. It emerged last week that, after a Henkel official agreed a 90 million euro deal for 2010 and beyond with Brawn GP earlier...

The sponsorship dispute between the Mercedes GP team and Henkel, a German adhesives and liquids company, has been settled.

It emerged last week that, after a Henkel official agreed a 90 million euro deal for 2010 and beyond with Brawn GP earlier this year, the company's CEO and board did not approve the contract and were not prepared to honour it.

Henkel was reported to have also filed a suit against the Brackley based team, which was sold to Mercedes after the end of the 2009 season.

But Mercedes announced in a statement on Tuesday that the dispute has been "resolved by mutual agreement", with "all potential claims" and court proceedings dropped.

The rogue former Henkel staff member, meanwhile, is the subject of an embezzlement and fraud investigation, and Mercedes said it will "cooperate with the prosecutor's office".

Write a comment
Show comments
About this article
Series F1

User photos

sleboz
F1

sleboz

4 photos
EuroRacer
F1

EuroRacer

45 photos
Josefine Lißner
F1

Josefine Lißner

1 photos
hanmerdesign
F1

hanmerdesign

9 photos
Evan_DeCiren
F1

Evan_DeCiren

30 photos
colfox72
F1

colfox72

1 photos
gillfoto
F1

gillfoto

1 photos
akazoinho
F1

akazoinho

4 photos
Upload photo