News Details

Nyck de Vries wins legal battle

New AlphaTauri driver Nyck de Vries has found himself embroiled in legal drama in recent weeks, with a huge supporter of his career believing that he is entitled to a large percentage of the Dutchman’s income. Back in 2018, Dutch financier Jeroen Schothorst provided De Vries with a loan of $250,000 through his company Investrand, in order to help the driver secure a seat in Formula 2 with Prema. The loan contract had a three percent annual interest rate but also reportedly featured a much more unusual clause. According to reports, the contract obligated De Vries to to give half of his F1 related earnings to Schothorst, a clause which would expire should the Dutchman have failed to secure...
Full Story »
Share

You May Also Be Interested In...

De Vries cleared of any wrongdoing over 250K loan

Nyck de Vries has won his legal dispute over a 250K loan from a...
2y ago from F1i.com

Nyck de Vries hailed as ‘very similar' to ex-F1...

2023 rookie Nyck de Vries has been likened to 2016 Formula 1 World...
2y ago from Formula1News.co.uk

Russian driver impresses in Ferrari test

Formula 1 got a good look at Robert Shwartzman towards the end of the...
2y ago from Formula1News.co.uk

Mick Schumacher won't just be Mercedes' reserve driver...

2023 is looking set to be a busy year for Mercedes reserve driver Mick...
2y ago from Formula1News.co.uk

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Will Power turns first IndyCar laps with Andretti at...

IndyCar veteran Will Power completed his first test laps with his new...

Alex Palou delivers takedown of McLaren F1 drivers...

IndyCar champion Alex Palou has delivered a takedown of both McLaren...

Popular On TotalWRC.com

WRC Rally Islas Canarias stays until 2029

WRC Promotor and Rally Islas Canarias have signed a three year extension...
18h ago from MotorsportWeek.c...

Popular On GunnersToday.com

Report: Arsenal initiate talks to sign versatile...

Arsenal have reportedly opened negotiations with Paris Saint-Germain over...
49m ago from CaughtOffside.com

“He’s not going to play” - Tim Sherwood suggests...

Former Premier League manager Tim Sherwood has urged Marc Guehi to snub...
12h ago from SportsKeeda.com

Surprise claim that important Arsenal star 'making...

Arsenal forward Gabriel Martinelli could reportedly be making plans to...
18h ago from CaughtOffside.com

Two Arsenal transfer targets could point towards...

Arsenal are reportedly looking at two transfer targets that could point...
18h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.