BMW
X1 / X2
forum
BMW Garage BMW Meets Register Today's Posts
BIMMERPOST Universal Forums Professional Motorsport Racing Discussion (IMSA, DTM, Formula 1, Grand-AM, Le Mans, IRL, WRC, etc..) DeVries sued (and lost) half of all his F1 earnings

Post Reply
 
Thread Tools Search this Thread
      02-07-2024, 01:29 PM   #1
G30M
Major General
G30M's Avatar
5468
Rep
5,204
Posts

Drives: M550i; retired - M340i
Join Date: Dec 2021
Location: Australasia

iTrader: (0)

DeVries sued (and lost) half of all his F1 earnings

Quote:
A Dutch company that invested in his career and provided a loan has won the lawsuit, requiring De Vries to repay the €250,000 loan and surrender half of his earnings from his brief stint with AlphaTauri in 2023, including salary, bonuses, and sponsorships.
The loan was granted by Investrand to support De Vries in competing in the 2018 F2 (then GP2) series, with the condition that if he reached F1, the company would claim 50% of his earnings at the highest level. If he didn't make it, the loan would be canceled, excluding his activities as a Mercedes test driver.
luckily (or not) he's no longer an F1 driver
Appreciate 0
      02-07-2024, 02:29 PM   #2
dfox
Captain
1408
Rep
658
Posts

Drives: E88 135i 6MT
Join Date: Jun 2023
Location: North of Seattle

iTrader: (0)

He raced in the Italian grand prix to replace Albon - making him an "F1 driver". He finished an unexpected 9th in that race, clearly earning him his spot for 2023 on the grid, even though he eventually was dropped.

Bummer for him, but I think the investment company is right here...
Appreciate 0
Post Reply

Bookmarks


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 01:50 AM.




u11
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST