MotoGP
Yamaha denies Altadis' wrongful statements
YAMAHA DENIES ALTADIS' WRONGFUL STATEMENTS On January 9, 2006 Altadis abruptly announced that it had initiated arbitration proceedings against Yamaha arising out of an alleged breach by Yamaha of the two companies' sponsorship agreement for ...
Published: Jan 11, 2006, 3:58 PM
Copy link
Share on Viber
YAMAHA DENIES ALTADIS' WRONGFUL STATEMENTS
On January 9, 2006 Altadis abruptly announced that it had initiated arbitration proceedings against Yamaha arising out of an alleged breach by Yamaha of the two companies' sponsorship agreement for Yamaha's factory racing team. Yamaha would like to clarify several points in light of Altadis' wrongful statements.
First, Yamaha no longer has any sponsorship agreement with Altadis, as the previous sponsorship agreement was terminated in all respects for the 2006 season.
Second, Yamaha strongly denies that it has ever breached its previous sponsorship agreement with Altadis.
Third, in the absence of any agreement in force between Altadis and Yamaha, there exists no legal obligation preventing Yamaha from contracting with a tobacco sponsor or any other sponsor for the 2006 season.
Yamaha deplores the fact that Altadis' unreasonable actions have frustrated Yamaha's good-faith efforts to resolve this matter in an amicable fashion, and has seen fit to make its unmerited allegations in a public forum.
To date, Yamaha has not been notified of any Request for Arbitration from Altadis. In any event, Yamaha will defend its rights vigorously, and reserves the rights to claim both pecuniary damages and declaratory relief with respect to the wrong and disparaging statements made by Altadis and the harm wilfully caused by its frivolous conduct, for the sake of Yamaha and all of its fans and supporters worldwide who continue to support and sustain the MotoGP sport and Yamaha's MotoGP factory racing team.
-yamaha factory racing-
We want your opinion!
What would you like to see on Motorsport.com?
Take our 5 minute survey.
- The Motorsport.com Team
Read and post comments
Read also :
Share Or Save This Story
Copy link
Share on Viber
Previous article Yamaha Factory Racing signs new sponsor
Next article Yamaha Team Sepang test 2006-01-23
Top Comments
There are no comments at the moment. Would you like to write one?
View More & Comment
Latest news
Ayao Komatsu: Rafael Camara chosen for F1 2027 seat on speed, not Ferrari links
Formula 1
F1 Formula 1
Singapore GP
6 h
Ayao Komatsu: Rafael Camara chosen for F1 2027 seat on speed, not Ferrari links
Did Haas make the correct decision in signing Rafael Camara for F1 2027?
Formula 1
F1 Formula 1
Singapore GP
8 h
Did Haas make the correct decision in signing Rafael Camara for F1 2027?
Frederik Vesti steps up to full-time role as Cadillac Racing details 2027 IMSA lineup
IMSA
IMSA IMSA 8 h
Frederik Vesti steps up to full-time role as Cadillac Racing details 2027 IMSA lineup
Rafael Camara to replace Esteban Ocon at Haas for F1 2027
Formula 1
F1 Formula 1
Singapore GP
8 h
Rafael Camara to replace Esteban Ocon at Haas for F1 2027
Feature
Discover prime content
Subscribe and access Motorsport.com with your ad-blocker.
From Formula 1 to MotoGP we report straight from the paddock because we love our sport, just like you. In order to keep delivering our expert journalism, our website uses advertising. Still, we want to give you the opportunity to enjoy an ad-free and tracker-free website and to continue using your adblocker.
You have 2 options:
- Become a subscriber.
- Disable your adblocker.
Subscribe now Already subscribed? Sign in here
Already disabled your adblocker?
Reload page
Manage Alerts
Subscribe