Kevin Magnussen: MoneyGram sponsorship gives Haas F1 a reason for optimism

Kevin Magnussen is convinced that Haas's new title sponsorship deal with financial services firm MoneyGram has secured a promising path forward for the F1 team.

MoneyGram, a global company specialising in money transfers, has stepped in as Haas's title sponsor for the ongoing 2023 season and beyond, committing to a multi-year partnership.

This collaboration emerged following Haas's decision to conclude its association with the previous title sponsor, Uralkali, a Russian chemical conglomerate owned by Dmitry Mazepin, father of former driver Nikita.

The move was prompted by the Russo-Ukrainian war's outbreak just before the 2022 season.

Haas also encountered a premature termination of a title sponsorship arrangement back in 2019, when the team decided to sever ties with the controversial sponsor, Rich Energy, in an early end to their agreement.

In reflection on his second tenure in Formula 1, Magnussen acknowledged that his enjoyment would have been heightened with a more competitive car.

"Of course, it's more fun when you're strong and competitive, but there's also something satisfying in the chase. I know with this team that it goes in waves sometimes, and comes and goes," Magnussen said.

"I think at the moment we're in a sort of a bit of a place where we certainly want to move forward.

"And I think where we are as a team right now, there's a lot of reason to be optimistic and I think the future is looking very bright for us.

"We've got a great title sponsor with MoneyGram. They have changed the situation in the team a lot. I think from here there's a great reason to be focused and dedicated to get back to where we want to be."