P1racenews AI automatic summary:
De Vries loses court case over loan and AlphaTauri F1 earnings
A Dutch court has ruled that Nyck de Vries must repay a €250,000 loan he received in 2018 and also pay half of his salary and sponsorship income from his partial F1 season with AlphaTauri until July 2023. De Vries is considering appealing the decision. The loan was given to De Vries by Jeroen Schothorst’s Investrand company to supplement his budget for his Prema Formula 2 drive. It was agreed that if De Vries became an active F1 driver by 2022, Investrand would take 50% of his income. A dispute arose over whether De Vries’ appearance at the 2022 Italian GP was part of his testing activities or a race deal, which would determine the loan’s fate. In an earlier proceeding last year, the judge sided with De Vries, but this time the judge ruled in favor of Investrand, stating that De Vries participated in the race as a race driver within the original agreement’s timeframe.
