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Reluctant Tycoon Becomes Billionaire at Netflix Rival in Japan
Reluctant Tycoon Becomes Billionaire at Netflix Rival in Japan
Before he became a billionaire by transforming his father’s company into Netflix’s biggest competitor in Japan, Yasuhide Uno
2023-11-28 04:17
IndyCar champion admits breaching McLaren contract in £18.2m lawsuit over potential F1 seat
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
Laptop Gift Guide 2023: Tested Picks for Everyone on Your List
Laptop Gift Guide 2023: Tested Picks for Everyone on Your List
Don’t the holidays seem to approach with more velocity every year? Well, look out! It's
2023-11-28 03:55
Wix Website Builder Review
Wix Website Builder Review
If you want to build a website with minimal effort and maximum creative freedom, look
2023-11-28 03:49
A Record Number of US Travelers Fly After Thanksgiving
A Record Number of US Travelers Fly After Thanksgiving
More than 2.9 million people traveled through airport security checkpoints Sunday, making it the busiest day ever for
2023-11-28 03:21
Best Cyber Monday Smart Home Deals on Ring, Blink, Google, and More
Best Cyber Monday Smart Home Deals on Ring, Blink, Google, and More
Smart home technology has come a long way in recent years, and Cyber Monday is
2023-11-28 03:15
Google will start deleting 'inactive' accounts in December. Here's what you need to know
Google will start deleting 'inactive' accounts in December. Here's what you need to know
Have a Google account you haven’t used in a while
2023-11-28 02:47
Grab a Refurbished MacBook Air for Under $300
Grab a Refurbished MacBook Air for Under $300
The latest MacBooks are designed to do a lot. In fact, they might be able
2023-11-28 01:26
The Best Cyber Monday Deals on Printers: Canon, Epson, HP, More
The Best Cyber Monday Deals on Printers: Canon, Epson, HP, More
Maybe it’s a boarding pass for an upcoming holiday flight. Maybe it’s making your own
2023-11-28 01:22
Get Windows 11 Professional and Microsoft Office for $50
Get Windows 11 Professional and Microsoft Office for $50
If you've been putting off an upgrade to Windows 11, this deal will get you
2023-11-28 01:19
What Tops Kids' Holiday Wish Lists This Year? Video Game Subscriptions
What Tops Kids' Holiday Wish Lists This Year? Video Game Subscriptions
Most US children will be asking for video games this Christmas, but the majority of
2023-11-28 01:16
Selma Blair says ‘older male doctors’ misdiagnosed her multiple sclerosis as menstrual issues
Selma Blair says ‘older male doctors’ misdiagnosed her multiple sclerosis as menstrual issues
Selma Blair has opened up about how “older male doctors” dismissed her early multiple sclerosis symptoms, and suggested she get a boyfriend to help with the pain. The Cruel Intentions star, 51, discussed how her multiple sclerosis (MS) went undiagnosed for years during an interview with Kristen Welker on Meet The Press. While speaking with Welker on 26 November, Blair revealed that doctors had chalked up her early MS symptoms as simply menstrual issues. “Everything does not need to be blamed on menstruation or something,” she said, noting that the long delay in her diagnosis was likely due to “older male doctors who really probably did not know the intricacies of a girl”. One medical professional even told Blair that maybe she “needed a boyfriend” after seeking help for her chronic pain, the actress said. “I just cried,” Blair said, when asked about her response to the doctor’s suggestion. “I had no capability to process: ‘What am I supposed to do with this information?’ I knew the pain was real. I thought it was. But I did start to convince myself: ‘You’re overly sensitive. There’s nothing wrong with you. Get it together, you lazy, lazy whatever.’” The Legally Blonde actor went on to explain how she began experiencing symptoms of MS as early as just seven years old. “There is a prodromal period so I’m not certain that it actually was full on,” Blair told Welker. “I had very clear signs at that time. I had optical neuritis as a child, which really is only from brain trauma or MS, and yet they didn’t recognise it even though I was seeking doctors my entire childhood.” Blair admitted that she’s experienced “so much medical trauma” due to doctors “taking advantage of that time” or “really just not seeing me” while trying to be diagnosed for her chronic health condition. “I’ve been advocating for myself for a long time, trying to find what was ailing me, why I was not able to keep up with anyone really my entire life,” she said. The Mean Baby author acknowledged that much of her misdiagnosis has to do with “gender bias” in medicine. She recalled an incident when a boy in her class was experiencing “the exact same chronic headache and fever” and he received “surgery and an MRI within the week”. “But they just said: ‘Oh, [you’re] just dramatic,’ you know?” Blair recounted. While she noted that MS symptoms are “different for everyone”, the actor explained how she began experiencing symptoms that were “disguised as emotional” mood swings. “I have prefrontal damage that would cause hysterical crying and laughing,” Blair explained. “I just thought: ‘Wow, I’m just that wild one that wakes up in the middle of the night, like, waking myself up laughing hysterically, or sobbing, or in front of people just very moody maybe.” “And I believed all these things,” she added. “I was put on really strong antidepressants from a really young age. And I drank. I drank because I felt so other. I just went in the basement and I drank from a really young age.” In October 2018, Blair publicly shared that she had been diagnosed with MS - a condition that affects the central nervous system, disrupting the flow of information within the brain and between the brain and body, according to the National Multiple Sclerosis Society. Since then, she’s offered deeper insight into her health struggles in the Discovery+ documentary Introducing, Selma Blair. The film, which was released in 2021, follows Blair as she undergoes a risky stem cell transplant to treat the disease. In August that year, Blair revealed that she was in remission following the stem cell transplant. Read More Revealed: Healthy mental health patients trapped in hospitals for years Major study focuses on key lifestyle change that can add decade to life expectancy Dan Walker recalls having ‘out of body experience’ during a kidney cancer scare Revealed: Healthy mental health patients trapped in hospitals for years Major study focuses on key lifestyle change that can add decade to life expectancy Dan Walker recalls having ‘out of body experience’ during a kidney cancer scare
2023-11-28 01:16
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