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McLaren, Chip Ganassi and Alex Palou have released statements after a “final settlement” was reached after a high-profile UK legal case.
Following a high-profile UK legal case, McLaren, Chip Ganassi, and Alex Palou have released statements announcing a final settlement agreement.
The dispute arose after Palou broke a contract in 2023 with Ganassi’s team, leading to a lawsuit by McLaren seeking $20 million in damages.
The court ruled that Palou breached the contract and awarded McLaren a fee that could reach up to $12.6 million. However, the initial amount was reduced as Palou was found not at fault regarding McLaren’s F1 operations.
After the verdict, a settlement was negotiated and finalized by all parties involved.
McLaren CEO Zak Brown expressed satisfaction with the settlement and thanked those who worked on the case, looking forward to focusing on the upcoming IndyCar season.
Chip Ganassi also welcomed the resolve, expressing gratitude towards McLaren and emphasizing the importance of learning from past mistakes to avoid similar issues in the future.
