The Haas Formula One (F1) team have signed a multi-year partnership with potash fertiliser producer Uralkali.
The financial terms of the agreement have not yet been disclosed, however, the sponsorship was unveiled as part of the Haas car launch on March 4.
As part of the deal, the American team will be renamed to the Uralkali Haas F1 team and its branding will also feature on the car.
The new VF-21 vehicle is set to make its on-track debut during pre-season testing in Bahrain on March 12.
"We look forward to representing their brand throughout the season,” said Gene Haas, the team’s chairman. "It’s an exciting time for the team with Uralkali coming onboard and having Nikita Mazepin and Mick Schumacher driving for us.
"It’s definitely a case of all change but I’m hoping that we get back to being in the mix for scoring some points at these races. It’s been a tough couple of seasons, but we’ve also got our eye on the bigger picture, in particular 2022 and the implementation of the new regulations."
The new regulations that Haas speaks of were supposed to be implemented in 2021 but were delayed until 2022 and are aimed at creating even more exciting racing and improve cars aerodynamics.
Author: Jake Wilkin