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F1 News: Haas hits the jackpot with new seven-figure sponsorship

Haas F1 Team recently announced MoneyGram as its new title sponsor for the 2023 season, confirming a multi-year deal with the American company.

Since joining Formula 1 in 2016, Haas’ financial struggles have been well documented, with the American team failing to match the spending of rival teams.

The introduction of the budget cap has benefited Haas, but the team still lacks the funds to maximize their spend and hit the cap since its introduction.

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