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Garde camp set to outline Sauber deal?

2015-03-18 09:47

CAUGHT AT COURT: Dutch Formula 1 driver Giedo van der Garde (centre) and his lawyers arrive at court in Melbourne on March 11 2015 where a judge gave him the right to a drive. Image: AFP / Mal Fairclough

AMSTERDAM, The Netherlands - The Giedo van der Garde camp could be about to issue details of a compensation package agreed with the Sauber Formula 1 team for the driver's lost drive in Melbourne.

The battle between the Dutch driver and his backers and the struggling Swiss team was fought in a Melbourne court but suddenly ended before qualifying for the 2015 season-opener.

Some sensed the intervening hand of Bernie Ecclestone, others looked to the deep pockets of Peter Sauber, or Felipe Nasr and Marcus Ericsson's concerned backers.

R185-MILLION PAY-OUT?

Another rumour was that Van der Garde's main backer, billionaire father-in-law Marcel Boekhoorn, would end up owning a stake in the 22-year-old F1 team.

Dutch media reports on Tuesday suggested the financial compensation package amounted to the equivalent of about R185-million - the full cost of Van der Garde's 2014-2015 contract, plus legal costs.

The driver's manager, Jan-Paul ten Hoopen, told De Telegraaf newspaper: "Wednesday (March 18) or the day after,"  "we will publish information."

A spokesman for Sauber, meanwhile, told a Swiss broadcaster, Schweizer Radio und Fernsehen, on Tuesday: "We are pleased that the matter is settled. As to the details, we cannot comment for reasons of confidentiality - and we will not engage in speculation."

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