Aug.25 (GMM) Dominant Indycar driver Alex Palou’s road to Formula 1 has hit a $30 million roadblock.
The Indianapolis Star reports that McLaren, who signed to switch to the marque’s Indycar team only to renege and stay at Chip Ganassi, is now being sued by McLaren to the tune of a rumoured $20-30 million.
McLaren supremo Zak Brown said recently: “Palou received a significant payment for 2024 as well as millions of dollars for development in our Formula 1 test program.
“It now appears that our faith, commitment, investment and trust in Alex was misplaced.”
Spaniard Palou, 26, has also split with his management team – Monaco Increase Management – over the dispute.
“Together, we had built a relationship that we thought went beyond any contractual obligation and culminated in winning the 2021 Indycar crown and tracing a path to F1 opportunities,” the company said in a statement.
A source told the Indy Star newspaper that while court documents are not public, the lawsuits are claiming damages of up to a whopping $30m.
Jun.10 (GMM) Nico Hulkenberg could find himself with a starring role in a future round…
Jun.9 (GMM) Many new fans of top-level single seater racing do not understand "how motorsport…
Jun.9 (GMM) The 'Adrian Newey effect' is already happening at Aston Martin, according to team…
Jun.9 (GMM) Lance Stroll looks set to return to the wheel of his Aston Martin…
Jun.9 (GMM) Lewis Hamilton's hopes of an eighth world championship are slipping away. That's the…
Jun.9 (GMM) Three former Formula 1 drivers agree that Oscar Piastri has become the clear…