Formula One news

Etihad and Aldar to pay damages to Force India

Sponsors Etihad Airways and Aldar Properties have been instructed to pay $4.7m (£2.8m) in damages to the Force India team due to terminating contracts early in order to switch to Ferrari, ArabianBusiness.com reports.

With the matter having gone before the London High Court and Judge Gray, the swapping from Force India (formerly Spyker F1) to Ferrari for the 2008 season has now been judged a breach of contract with Kingfisher, the airline owned by India's Vijay Mallya, co-owner of Force India.

With the deals between the two companies and Spyker having begun in 2007 and not due to expire until the end of this season, each year's payment to the team equated to $5m (£3m), $6m (£3.6m) and $9m (£5.5m) respectively.

more news

• 20 Nov.
  • FIA was using new teams, says Lola
  • Rossi and Newey to contest endurance race
  • Wolff: Worth of privateers on the up
  • Equity sale for 'private motives' - Williams
  • USF1 considering 12 drivers
  • Photos: SKUSA karting event, Las Vegas
  • Buemi and Schumacher to kart in Las Vegas
  • Clock ticking for Silverstone
  • Williams sells first shares
  • Official: Bianchi handed Ferrari test
  • My door is open, says Trulli
  • Button: I needed a new challenge
• 19 Nov.
  • Brawn 'very disappointed' with Button outcome
  • Sons release birthday song for Jackie Stewart
  • Räikkönen: No talks with Brawn
  • No early Brawn exit for Button
  • 'Unfinished business' for Räikkönen
  • 2010: How the grid is shaping up
• 18 Nov.
  • Button move a mistake, says Stewart
  • Donington goes into administration
  • Villeneuve working on F1 comeback
  • Whitmarsh: Money not the reason for Button move
  • Hamilton: Button arrival fantastic news
  • Button: Difficult decision to leave Brawn
  • Confirmed: Button partners Hamilton at McLaren
  • Kubica to compete in second rally
  • Webber drives GP3 car in France
  • 'Bianchi to test Ferrari at Jerez'
  • Prize-winning Wilson drives McLaren
  • Brawn: Button-McLaren talk not helpful
  • Sabbatical year for Räikkönen in 2010
  • Drivers preparing for Toyota Motor Sport Festival
• 17 Nov.
  • Di Montezemolo to quit as FOTA Chairman?
  • 'Brawn and Button just sparring' - Ecclestone
  • 'Button agrees terms with McLaren'
  • We want Button for sensible amount, says Fry
  • Manor: Glock deal confirms progress
  • Glock confirmed at Manor for 2010
• 16 Nov.
  • Mercedes drivers to be named soon
  • GPUpdate TV: Norbert Haug on Mercedes Grand Prix

Homepage