De Vries in authorized battle with property millionaire forward of F1 debut 

Actual property millionaire Jeroen Schothorst has taken de Vries to court docket for allegedly failing to honour an settlement to pay again a mortgage to assist his development to F1. 

Dutch newspapers De Telegraaf and Monetary Dagblad report that Schothorst lent de Vries €250,000 in 2018 to assist him fund a transfer to F2 workforce Prema. 

In line with the reviews, Schothorst charged three p.c curiosity per 12 months, with a further 50 p.c of the earnings de Vries would earn from F1-related actions. 

De Vries allegedly promised to pay the mortgage again if he reached F1 by the top of final 12 months, nevertheless, the settlement stipulated the mortgage can be waived if he was nonetheless not an F1 driver in 2022.  

The 27-year-old made a cameo look for Williams on the 2022 Italian Grand Prix as a stand-in for normal Alex Albon, and his spectacular F1 debut led to him incomes a full-time drive with AlphaTauri for 2023. 

De Vries, who gained the F2 and Components E championships in 2019 and 2021 respectively, has paid a complete of €190,000 in curiosity to Schothorst, his lawyer says. 

However Schothorst has now filed abstract proceedings towards the AlphaTauri driver. Schothorst additionally disputes de Vries’ reserve position with Mercedes in 2022, arguing the mortgage settlement stays energetic. 

Schothorst is reportedly in search of to say half of de Vries’ wage for the upcoming 2023 season.

De Vries denies Schothorst’s allegations. 

“Every part exhibits that Investrand can not abdomen the truth that De Vries turned a race driver in F1 in season 2023, and never within the final 12 months of the settlement,” his lawyer Jeroen Bedaux acknowledged throughout a court docket look on Tuesday. 

Schothorst’s funding firm Investrand based the McGregor Trend Group, who partnered with Dutch racer Giedo van der Garde earlier than his transient F1 profession got here to an finish in 2015 following a weird authorized battle with Sauber.

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