A $114 million compound in Sardinia owned by former F1 driver Nikita Mazepin and his father, Russian oligarch Dmitry Mazepin, has been seized by Italy.
In March, with the start of the Formula One season approaching and the Russian invasion of Ukraine just beginning, the U.S.-owned team Haas had a decision to make about one of its two drivers.who was effectively bankrolling the team through his fertilizer company Uralkali.
CNN in a statement, “because the property is attributable to the Russian billionaire Dmitry Arkadievich Mazepin and his son Nikita Dmitrievich Mazepin, until March 5 a Formula 1 driver of the Haas F1 Team.” Nikita Mazepin’s manager told the outlet that neither he nor his father wished to comment. As Reuters, in recent weeks, Italy has sequestered more than 900 million euros worth of villas and yachts owned by E.U.-sanctioned Russians.
Haas’s relationship with the Mazepins made for one of the more absorbing storylines in the most recent season ofthe Netflix reality series about Formula One that, particularly among American audiences, has propelled the sport toRoman Abramovich recently announced his intention to sell Chelsea F.C. amid scrutiny of his own links to Putin—the Mazepin fallout and ensuing sanctions have underscored how closely the sport, arguably the fastest-growing in the world, is tied to matters of geopolitical concern.told ESPN in March. “They were a great sponsor. They provided much-needed capital.”
“We really tried to make this thing work,” he went on. “But when you saw the media pictures of people just being bombed and shot at, this wasn't going to work.”
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