14 May 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
15 May 2024
F1 unlikely to feature two Italian races in 2026 - CEO
15 May 2024
F1 won’t be ’bored’ with off-track news at Imola - CEO
15 May 2024
Official: Albon commits future to Williams Racing
15 May 2024
F1 could scrap hybrid engines from 2030 - Domenicali
15 May 2024