McLaren seeking at least $23 million in damages from IndyCar champion Alex Palou in UK court

Malaysia News News

McLaren seeking at least $23 million in damages from IndyCar champion Alex Palou in UK court
Malaysia Latest News,Malaysia Headlines
  • 📰 AP
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

McLaren Racing is suing IndyCar champion Alex Palou for at least $23 million in damages over Palou’s decision not to honor the contract he signed to join the team at the end of last month.

The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. More than half the world’s population sees AP journalism every day.

The nearly $23 million in damages McLaren is seeking is broken down in future sponsorship tied to Palou joining McLaren, the costs of using him as a reserve F1 driver, how much McLaren spent developing Palou for F1 and a $400,000 advance on his 2024 salary. McLaren is not seeking repayment of legal fees it says it covered for Palou in last year’s fight with Ganassi.

Citing pending litigation, Palou has repeatedly declined to comment on the situation this year but attempted to explain his silence last month at a media event ahead of the IndyCar season finale. “The door opened a little bit with McLaren. It was amazing. The opportunity was great, but there was nothing else there of, ‘You will have a car.’ Maybe if I was 20, I would have waited, but I’m not 20. I’m 26. I don’t know of anyone who waited until 30 that got into Formula One.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

AP /  🏆 728. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘PAW Patrol’ shows bark at box office while ‘The Creator’ and ‘Dumb Money’ disappoint‘PAW Patrol’ shows bark at box office while ‘The Creator’ and ‘Dumb Money’ disappoint“PAW Patrol: The Mighty Movie” came out the top dog, with $23 million in ticket sales
Read more »

MTA Chair Janno Lieber suggests congestion pricing toll will cost $15 to enter Manhattan Central Business DistrictMTA Chair Janno Lieber suggests congestion pricing toll will cost $15 to enter Manhattan Central Business DistrictThe MTA has said it will charge anywhere from $9 to $23 to enter Manhattan's Central Business District when congestion pricing takes effect next spring.
Read more »

Drivers using NYC tunnels will get congestion-toll discountDrivers using NYC tunnels will get congestion-toll discountThe discounts of $4 to $7 would be discounted against the base congestion charge, which could cost between $9 and $23 depending on possible exemptions and other discounts offered, officials said du…
Read more »

Forget Arm and Instacart— the IPO Market Is Still Slow. Here’s Why.Forget Arm and Instacart— the IPO Market Is Still Slow. Here’s Why.Companies going public have raised just over $18 billion so far this year, according to KPMG. That is down from about $23 billion for all of 2022.
Read more »

Ducks forward Alex Killorn out 4-6 weeks with a broken fingerDucks forward Alex Killorn out 4-6 weeks with a broken fingerNew Anaheim Ducks forward Alex Killorn will be sidelined for four to six weeks with a broken finger.
Read more »



Render Time: 2025-02-28 06:36:12