May 19 (GMM) A broken relationship between Kevin Magnussen and his former manager is heading to court.
After his McLaren seat fell through after a single year, Magnussen reportedly split with his long-time manager Dorte Riis Madsen.
We reported last year that the 24-year-old Dane had negotiated his own 2016 Renault seat, and was also assisted by his billionaire sponsor Anders Holch Povlsen as he put together his new multi-year Haas deal.
Now, Ekstra Bladet newspaper says a court battle with Riis Madsen will begin on June 1.
The case will be heard in Copenhagen, with Magnussen’s former manager claiming damages for the driver’s current and future income over breach of contract.
“Attempts at an out of court settlement have failed,” the Danish newspaper claimed.
Former Danish racing driver Jason Watt said disputes over long-term contracts in motor racing are nothing new.
“Contract lengths of 10-15 years are not unusual,” he said. “A manager puts in money to build a career and it may take years before there is a return.”
Riis Madsen would not comment, and Magnussen said only: “I have nothing to say at this time.”
09/02/2016 Magnussen set to split with manager Feb.9 (GMM) Kevin Magnussen and his long-time manager Dorte Riis Madsen are set to split, according to the Danish newspaper BT. The report said it was the young Danish driver, and not […]
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19/04/2016 Palmer performance ’embarrassing’ in China Apr.19 (GMM) Jolyon Palmer's performance in China last weekend was "embarrassing". That is the view of Jason Watt, a former F3000 driver and pundit who scoffed at Briton Palmer finishing […]
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"As far as I know there are still two seats for next year and I […]
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The Dane admitted at Hockenheim that speculation he and teammate Jolyon Palmer will lose […]