Alex Palou ordered to pay McLaren Racing $12m in breach of contract suit

FLORIDA: Four-time IndyCar champion Alex Palou on Friday was ordered to pay McLaren Racing more than $12 million in the breach of contract suit the team filed when the Spaniard backed out of two different deals with the racing team. The Friday ruling from London’s High Court came after a five-week trial last year. McLaren initially sought almost $30 million in damages, but that number was reduced to $20.7 million as the racing juggernaut sought to reclaim money allegedly lost in sponsorship, driver salaries and performance earnings. “This is an entirely appropriate result for McLaren Racing.

Raccontata daft.comarabnews.com