3 June 2024
Perez wins $2.8m after sponsor court battle
Pemex left him suddenly when he was at Force India
Sergio Perez will be happy after a lucrative round of court proceedings.
The Red Bull driver’s management had sued state-owned Mexican oil company Pemex through its private subsidiary MGI Asistencia Integral, according to local sources Reforma and AM.
Perez’s corner had argued in federal court that Pemex owed millions following termination of a F1 sponsorship deal when he was driving for Racing Point.
The court ordered compensation to the tune of $2.8 million plus interest.
According to the media reports, Pemex argued that it changed course in Formula 1 following a change of administration and having "other spending priorities".
Red Bull
Search
Formula 1 news
3 June 2024
Official : Alpine F1 and Ocon to part ways at the end of 2024
3 June 2024
Marko hopes new Red Bull ’problem’ not too deep
3 June 2024
After ’boring’ Monaco, Pirelli tests softer F1 tyre
3 June 2024
Ocon to leave Alpine after 2024 season
3 June 2024