Billionaire Brothers, JPMorgan Refinance NYC Luxury Condo Tower
Billionaires David and Simon Reuben have bolstered their New York City property investments, helping to refinance debt on
2023-07-27 01:22
Stay cool at night with these $30 moisture-wicking sheets
TL;DR: As of July 11, you can get a 6-Piece Bamboo-Blend Comfort Luxury Sheet Set
2023-07-11 17:58
Property Firm China Oceanwide Gets Liquidation Order in Bermuda
A Chinese property investor that has struggled with several US projects faces court-ordered liquidation as a Bermuda court
2023-09-25 11:28
Home is where the hurt is at French Open
It's been 40 years since a French player last won the men's singles title at Roland Garros and Yannick Noah's 1983 achievement is unlikely to be matched this year when the second...
2023-05-25 08:53
This Back to School Season, Capri Sun Helps Parents Tackle To-Do Lists with 50 Seconds of Calm and Taskrabbit Support
CHICAGO--(BUSINESS WIRE)--Aug 28, 2023--
2023-08-28 20:23
IndyCar champion admits breaching McLaren contract in £18.2m lawsuit over potential F1 seat
Two-time IndyCar champion Alex Palou concedes in court documents that he breached his contract with McLaren Racing when the Spaniard did an about-face and stayed at Chip Ganassi Racing, having been the reserve driver for McLaren at F1’s Miami Grand Prix. The admission came in Palou's response to a lawsuit filed against him by McLaren in September seeking to recoup at least $23 million (£18.2m) in losses the team calculated Palou's reversal cost the organisation. Palou's 20-page response was filed in the High Court of Justice Business and Property Courts of England and Wales Commercial Court. The Associated Press reviewed the filing Monday. In the response, Palou says he changed his mind about joining McLaren ahead of the 2024 season when he "lost trust and confidence that (McLaren) genuinely intended to support his ambition to race in the Formula One Series and decided to continue racing with CGR in the Indy Car Series instead." Palou "therefore admits that he renounced his contractual obligations" with McLaren and "the real issue between the parties is as to the quantum of any damages which the Defendants are liable to pay," the documents say. The spat over the 26-year-old between two IndyCar teams began when Palou initially disputed a Ganassi claim that the team had picked up the 2023 option year on his contract. McLaren in July 2022 said it had signed Palou and had him earmarked for an IndyCar seat and a reserve driver role with its Formula One team. Chip Ganassi Racing said it had the contractual rights for Palou for the 2023 season. Palou and Ganassi entered mediation and a resolution was reached a year ago in which Palou would drive for Ganassi in 2023 but was also McLaren's reserve F1 driver when it did not interfere with IndyCar. He was able to participate in a practice session, tested for the F1 team both on track and in a simulator, and was the reserve driver for McLaren at F1's Miami Grand Prix in May. McLaren Racing CEO Zak Brown was contacted Aug. 8 and told by attorneys for Palou that Palou would not be joining McLaren and had instead signed a three-year extension with Ganassi. Palou won the 2021 and 2023 championships with Ganassi and is now signed there through 2026. IndyCar driver Pato O'Ward last week was named Palou's replacement as McLaren's F1 reserve driver and participated in a practice session during the season-ending race weekend in Abu Dhabi. O'Ward is a full-time IndyCar driver for Arrow McLaren Racing. The bulk of Palou's response focuses on McLaren's loss of revenue claims and attempts to mitigate what Palou will owe in damages. The nearly $23 million in damages McLaren is seeking is broken down in future sponsorship tied to Palou joining McLaren, the costs of using him as a reserve F1 driver, how much McLaren spent developing Palou for F1 and a $400,000 advance on his 2024 salary. McLaren is not seeking repayment of legal fees it says it covered for Palou in last year's fight with Ganassi. McLaren has contended Palou signed two contracts: the first with McLaren Racing as the F1 reserve driver and a separate deal with Arrow McLaren to compete in IndyCar for the team while also serving as the F1 backup. Among the damages McLaren is seeking is nearly $15.5 million in lost revenue under official partner agreements with sponsors NTT Data and General Motors that anticipated Palou would be the driver, including $7 million in revenue and prize money from IndyCar itself. "This claim is embarrassing for want of particularity and speculative in the extreme," the response said. "The performance of any team in a future Indy Car Series cannot be predicted with any degree of certainty. Driver performance is variable." The response also disputes McLaren's claim to lost revenues that Palou "would otherwise have earned in relation to the Formula One Series." It notes that claim would only be valid if Palou was actually McLaren's F1 driver, and that Lando Norris and Oscar Piastri are under contract through 2025 and 2026. The response also claims that if Palou was an F1 driver, all the claims to IndyCar financial losses would be moot. McLaren also wants to recoup all money spent on Palou when he was the test driver, both on track and in the simulator, and money it spent seeking a replacement for Palou. O'Ward became Palou's replacement in the F1 role, while David Malukas was hired to fill the open seat in the IndyCar Series. AP Read More MotoGP icon Valentino Rossi returns to competitive motorsport ‘It did not fail’: W Series enters administration Raul Torras Martinez: Spanish rider dies at Isle of Man TT MotoGP icon Valentino Rossi returns to competitive motorsport ‘It did not fail’: W Series enters administration Raul Torras Martinez: Spanish rider dies at Isle of Man TT
2023-11-28 03:56
Publix Memorial Day hours: Is Publix open on Memorial Day? (Updated May 2023)
Is Publix open on Memorial Day 2023? If you're a shopper who needs last-minute barbeque supplies look no further than this year's Publix Memorial Day hours.Memorial Day is here which means Americans all over will be honoring the sacrifices of US military personnel through the years....
2023-05-29 07:54
X now lets Premium subscribers hide likes and verify their real IDs
X, the platform formerly known as Twitter, got some new features this week. They are,
2023-09-16 04:26
MoviePass Returns With $10/Month Plan
MoviePass has reopened for business: The subscription service is kicking off Memorial Day weekend with
2023-05-26 20:27
'Quordle' today: Here are the answers and hints for August 8
If Quordle is a little too challenging today, you've come to the right place for
2023-08-08 07:20
A Comprehensive List Of All The Best Labor Day Sales You Can Shop Now
Are you checking the calendar (aka your Labor Day weekend countdown) like crazy recently? Well, if you are doing just that — and also perusing this page — then it’s probably because you can’t wait for another round of Labor Day sales. From bestselling clothing and mattresses to sex toys and beauty products, there are already lots of deals to shop. Rather than fumbling through the virtual aisles of countless retailers in search of the last lingering sales, we’ve done the hard work for you. Scroll on into the only comprehensive list you need for the very best Labor Day deals that you can already shop (alphabetized quick links for the more impatient scrollers, included). But act fast — the early sales are bountiful, but some inventories are not.
2023-08-15 06:58
Scientists say drinking coffee gives ‘special boost’ to the brain
If you’re anything like us, the first coffee of the day is the only thing that can get us up on a morning – and it turns out, there’s real science behind it. Everyone knows that coffee can give us a welcome caffeine hit, but it’s now been revealed that the drink also gives us an extra ‘special boost’ too. Scientists have claimed that the act of drinking a cup of joe gives the body a lift, making us more alert, which can’t be replicated merely with caffeine. In fact, new research shows that drinking hot coffee activates additional areas of the brain. Sign up to our free Indy100 weekly newsletter Scientists from the University of Minho in Portugal and elsewhere looked into the effects of coffee outside of just caffeine content as part of a study – and they found that plain caffeine didn’t have the same impact. In fact, a cup of coffee also influenced working memory and goal-directed behaviour. “There is a common expectation that coffee increases alertness and psychomotor functioning. When you get to understand better the mechanisms underlying a biological phenomenon, you open pathways for exploring the factors that may modulate it and even the potential benefits of that mechanism,” study co-author Nuno Sousa explained. Experts said that drinking coffee actually increased the connectivity in the brain’s more advanced nerve network controlling vision, and other parts involved in working memory, cognitive control and goal-directed behaviour – something not found when participants only took caffeine. Researchers also said that if subjects wanted to not just feel alert but ready to go, caffeine alone might not do the job. “Acute coffee consumption decreased the functional connectivity between brain regions of the default mode network, a network that is associated with self-referential processes when participants are at rest,” study co-author Maria Picó-Pérez said. “The subjects were more ready for action and alert to external stimuli after having coffee,” she added. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-07-16 23:46
You Might Like...
AirPods Pro with a USB-C charging port are finally a reality — here's how to preorder them for $49 off
Apple's Vision Pro retail plan will be a velvet-rope experience
National Park Service warns about agitated bison during mating after women injured at 2 parks
Australia Pressured to Use Russia War Windfall to Help Ukraine
Google Rolls Out Passkeys for Workspace, Cloud Accounts
‘Fried rice syndrome’: Dietitians warn against eating food left out at room temperature
Waitrose has launched its first ever lunchtime meal deal
US Offshore Wind Slammed by Runaway Costs