De Vries loses court battle – face hefty financial burden ...Middle East

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Nyck de Vries' fight against a hefty financial burden has taken a turn for the worse, with an Amsterdam District Court ordering the former AlphaTauri F1 driver to repay a €250,000 loan and a significant portion of his F1 earnings toa Dutch investment company. The battle stems from a 2018 agreement whereby Investrand provided de Vries with a loan to support his Formula 2 campaign. The deal stipulated that if De Vries became a full-time F1 driver by 2022, Investrand would receive 50% of his F1-related income. However, if he didn't reach F1 by then, the loan would be forgiven. The pivotal point of contention revolved around De Vries' participation in the 2022 Italian Grand Prix as a reserve dri

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Last updated : 02 February 2024 clock 09:12 PM

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