AlphaTauri driver Nyck de Vries has come out the victor in a €250k legal claim with a long-standing career funder. When the Dutch racer was attempting to raise the funds for an F2 campaign with Prema, requiring €500k, half of that total came via a loan which he agreed with Investrand, an investment fund run by Jeroen Schothorst. The deal stated that while a fixed annual interest of three per cent would be charged, while Schothorst would get a 50 per cent cut from De Vries’ F1 related income, it was also agreed that the loan would be struck off if De Vries did not have an F1 seat by 2022. This is partly where the dispute stemmed from as while De Vries did not have a race seat in F1 at any point by the end of 2022, Schothorst argued that De Vries’ one-off appearance for Williams at the 2022 Italian GP made the repayment active. He also claimed that De Vries had not been supplying the relevant documents to keep him informed on his career developments, in order to determine the … [Read more...] about Nyck de Vries cleared of wrongdoing after €250k legal claim from former sponsor