Rich Energy has terminated its Formula 1 title sponsorshi🐻p deal with Haas ahead of this weekend’s British Grand Prix.

In a brief statement issued on social media, Rich Enerꦇgy said it had ended its contract with Haas on Wednesday, citing “poor performance”.

“We aim to beat Red Bull and b🔯eing behind Williams in A💎ustria is unacceptable,” a Tweet posted on Rich Energy’s account read.

“The politics and PC attitude in F1 is also inhibiting our business. We wish the team wel♋l.”

Rich Energy lost its court battle with Whyte Bikes after being adjudged to have copied the British bike company’s logo, with the energy drink firm seeing its appeal rejected and also being asked to reveal the financial detail𒆙s of its deal with Haas in a recent court order.

Its stag logo was ꩲsubsequently r𓂃emoved from Haas’ car livery and team kit ahead of the Canadian Grand Prix in June.

The American squad, which finished fifth in last year’s championship, has endured a tough start to the season and currently lies ni🌞nth in the standings, having not scored a point since💟 May’s Monaco Grand Prix.

The split comes as a surprise given that Rich Energy was sharing Haas’ social media posts about the British GP in the lead 🉐up to this weekend’s rac⛎e.

After being approached for a response, Haas released a statement saying it would not comment𝓀 on confidential information.

“Rich Energy is currently the tಞitle partner of Haas F1 Team. I cannot co🍒mment further on the contractual relationship between our two parties due to commercial confidentiality,” Guenther Steiner, Haas team principal, said.