zzdcar
Home
/
Reviews
/
Racing
/
Why Daniel Ricciardo's Old Manager Is Suing Him For $12.8 Million
Why Daniel Ricciardo's Old Manager Is Suing Him For $12.8 Million-June 2024
2024-02-19 EST 22:11:08

Image for article titled Why Daniel Ricciardo's Old Manager Is Suing Him For $12.8 Million

It’s the year of the lawsuit over here in Formula One—after the , it seems like everyone else is keen to get in on the action. Namely, Renault driver Daniel Ricciardo’s former manager is seeking £10 million ($12.8 million) from the driver because he, uh, apparently didn’t get paid.

Ricciardo’s move from Red Bull Racing to Renault last season was a bit of a shock, given the fact that most of Ricciardo’s racing career had been sponsored by the energy drink company. Interestingly, that deal to swap teams didn’t seem to include paying his manager at the time, Glenn Beavis.

(There’s a lot to unpack here, so stick with us.)

Beavis was Ricciardo’s manager and consultant from 2012 to the current season, . In his lawsuit, Beavis notes that his contract entitled him to twenty percent of Ricciardo’s base salary, along with various other contractual fees—including the cost of Ricciardo’s superlicense, which allows him to race, and even the cost of a physiotherapist. Ricciardo switched from Beavis to a partnership with CAA Sports ahead of this year’s Australian Grand Prix.

Beavis also claims in the lawsuit that he was the one who started the Renault negotiations for Ricciardo in 2017, which continued until Ricciardo signed the official contract on August 2, 2018. While Ricciardo did inform Beavis that they’d be ending their partnership on December 15 of that year, Beavis was kept on to settle the Renault contract matters that weren’t finalized until March 7, 2019. Their partnership was officially nixed on March 31.

Here’s where it gets sticky. Because Beavis was the one who negotiated the contract, he argues that he’s entitled to his cut of Ricciardo’s Renault salary—that £10 million we mentioned before. So he’s taking the Australian driver to court. Ricciardo wholly disagrees.

However, there’s a lot of legal red tape coming into play here. From :

Beavis says he was informed on April 4 by R&H Trust Co (Jersey) Limited, acting “on behalf of Whitedunes and/or Ricciardo”, that no commission was payable in respect of the Renault contract.

A letter dated May 30 from solicitors acting for Ricciardo allegedly reiterated that Beavis “has no entitlement to the commission, or to any other form or amount of commission, in relation to the Renault contract”, including the future contingent sums or any other deal introduced by Beavis.

I can’t imagine it’s a particularly comfortable feeling heading into F1's summer break knowing that you’re going to have to spend it getting legal consultation. But I’m sure Ricciardo can at least rest easy knowing he’s not fighting .

Comments
Welcome to zzdcar comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Racing
Stadium Super Trucks Driver Lost His Jaw In Massive Crash
Stadium Super Trucks Driver Lost His Jaw In Massive Crash
Stadium Super Trucks driver Matt Mingay underwent surgery to insert a prosthetic chin earlier this week, per the latest report from the driver’s . A at Detroit’s Belle Isle street circuit peeled open the top of his truck, leaving Mingay with severe facial injuries. The positive Facebook update from Matt’s...
Jun 23, 2026
Cheating NASCAR Driver Thinks Jeff Gordon Is Out To Get Him
Cheating NASCAR Driver Thinks Jeff Gordon Is Out To Get Him
NASCAR Sprint Cup driver Brad Keselowski isn’t happy about his retired competitor’s on-air portrayal of yesterday’s at Pocono, reports. Keselowski lashed out at Fox Sports commentator and recently retired Sprint Cup racer Jeff Gordon for allegedly being biased. Keselowski told Racer after the race: They need to get some people...
Jun 23, 2026
Watch An Audi Le Mans Racer Fall Over With The Utmost Grace And Precision
Watch An Audi Le Mans Racer Fall Over With The Utmost Grace And Precision
Why is there so much time spent at Circuit de la Sarthe ahead of the 24 Hours of Le Mans? To avoid messy driver changes, for one. Getting in and out of the little trapdoors that go inside a top-level LMP1-class Le Mans prototype is harder than it looks. At...
Jun 23, 2026
The Amount Of Work That Goes Into Making Ken Block's 600 HP Ford Focus RS RX Is Insane
The Amount Of Work That Goes Into Making Ken Block's 600 HP Ford Focus RS RX Is Insane
I don’t think I had an appreciation for how much work goes into building a rallycross car from the ground-up until I saw this clip on Ken Block’s new . Every little individual component has to be assembled, and it’s fascinating to watch it all come together. Sure, I knew...
Jun 23, 2026
Human Rights Groups Stand Against Formula One's Oppressive New Host Country
Human Rights Groups Stand Against Formula One's Oppressive New Host Country
Representatives from Sport for Rights held closed-door meetings with the FIA this week over Azerbaijan’s numerous human rights issues ahead of its new Formula One European Grand Prix, reports . Additionally, the group is encouraging celebrity guests to withdraw from the race. With the European Grand Prix in Azerbaijan capital...
Jun 23, 2026
What A Race Car Crash Does To Your Brain
What A Race Car Crash Does To Your Brain
Few things are more dangerous in racing than your car dying on track in the middle of a turn. You’re probably going to get hit unless the car starts right back up. It’s just a matter of when and how hard. I took a hard hit in February and...
Jun 23, 2026
Copyright 2023-2026 - www.zzdcar.com All Rights Reserved