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Giedo van der Garde settlement agreed

Sauber and Dutchman Giedo van der Garde have come to an out-of-court settlement agreement on the drivers contract dispute.

The controversy regarding the court case hit the headlines ahead of the season opener in Australia and continued to play out in front of the worlds media right up until the cars hit the track.

Sauber lose van der Garde appeal

Sauber boss could face prison

Van der Garde drops Sauber dispute

Giedo van der Garde’s case against Sauber

After dropping the legal case against Sauber, an out-of-court settlement has now been agreed.

Giedo van der Garde released a statement on his own Facebook page announcing the news.

It read: ‘We have reached a settlement with Sauber and my driver contract with the team has been ended by mutual consent. As a passionate race driver, I feel sad and am very disappointed. I have worked very hard my entire career, ever since starting with go-karts at the age of eight, to live my dream and become a successful Formula One driver. I had hoped at last to be able to show what I am capable of, driving a car for a respected midfield team in the 2015 season. This dream has been taken away from me and I know that my future in Formula One is probably over.

Giedo van der Garde confirmed in his statement that it was his decision to drop his claim in Australia for the good of Formula One and young drivers Marcus Ericsson and Felipe Nasr.

He went on to clarify the position of his sponsors payment to Sauber during 2014: 'I want to set out clearly that my sponsors paid the sponsorship fee related to the 2015 season in its entirety to Sauber in the first half of 2014. This was simply in good faith and to help the team deal with its cash problems at the time. Effectively, it was my sponsor’s advanced payments that helped the team survive in 2014.

'Sauber’s financial decision-making in this case is bizarre and makes no sense to me. I am not at liberty to discuss details, but Sauber paid significant compensation to avoid honouring the contract they had with me. Only in that respect can I be satisfied that my rights have finally been recognised and that at least some justice has been done.

With his Formula One career all but over, he confirmed that he would like to make the move into either the World Endurance Championship or Germany's touring car series DTM.

'I would love to take part in the WEC and the Le Mans 24 Hours in an LMP1 car. Former Formula One drivers do very well in this series. We also have our eye on other series such as the DTM in 2016 and beyond.

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The Journalist

Writer: Red5 Mail feedback, articles or suggestions

Date:Friday March 20 2015

Time: 12:00PM


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