Magnussen wins multi-million pound legal battle with former manager

Change your timezone:
Magnussen wins multi-million pound legal battle with former manager
Dane is currently preparing for Daytona 24 bid
Former Haas driver Kevin Magnussen can finally "concentrate on creating a new life" according to father Jan after winning a four-year, multi-million-pound legal battle with his former manager.
Denmark's Eastern High Court has ruled Magnussen will not have to pay 20 per cent of his gross income from 2015 to the present day to Dorte Riis Madsen, who has been ordered to pay costs of DKK 540,000 [£65,000].
The judgment, which cannot be appealed against, overturns a prior verdict from the Copenhagen City Court that in 2018 ruled in favour of Madsen
The High Court, however, has determined that Madsen does own 20 per cent of a company formed by Magnussen in conjunction with billionaire Anders Holch Povlsen.
But the final ruling on a case that began in 2017 means Magnussen can now head into his new racing career away from Formula 1 this season with a clear mind.
Speaking to Danish newspaper BT, Jan Magnussen said: "I'm just glad it's over. I am happy for him. Now he can move on and concentrate on what he needs to.
"The case has affected him, not so much in his everyday life, but when things have been up and running and there has been a lot of talk about it, then it is hard not to think about it.
"I am glad he no longer has to think about it anymore and can concentrate on creating a new life."
Magnussen is to compete in next weekend's Daytona 24 with Chip Ganassi Racing ahead of a campaign in the IMSA SportsCar Championship.
Related
More F1 news
Latest F1 news
Recommended by the editors
Mercedes
Mercedes release official statement after disqualification heartbreak
Max Verstappen
Max Verstappen Red Bull Nurburgring ban confirmed - 'Too dangerous'
Max Verstappen
Max Verstappen Nurburgring Results: Final NLS2 Race times and positions after Mercedes disqualification
Breaking F1 News
Max Verstappen disqualified from Nurburgring race hours after huge win

Change your timezone:
Latest News
NLS 2026 Schedule: When is Max Verstappen's next chance of redemption at the Nurburgring?
- 35 minutes ago
Zak Brown summons F1 team to McLaren HQ as 2026 crisis addressed
- 1 hour ago
F1 champion to make surprise appearance in 2026 London Marathon
- 2 hours ago
'They should all be sacked': Aston Martin scolded for major Honda blunder
- 3 hours ago
Mercedes release official statement after disqualification heartbreak
- Today 11:53
When is the next F1 race? Japanese Grand Prix schedule and details for 2026
- Today 10:51
Most read
Lewis Hamilton Chinese GP disqualification a watershed moment for Ferrari
- 14 march
FIA announce late Mercedes penalty verdict after front row lockout at Australian Grand Prix
- 7 march
F1 News Today: Adrian Newey in firing line as Aston Martin may deliberately DNF
- 3 march
FIA president receives official letter from 20 drivers demanding change including former F1 stars
- 18 march
F1 Qualifying Results: Australian Grand Prix times and positions - Verstappen crashes out, Russell dominates
- 7 march
Max Verstappen Nurburgring Results: NLS2 Qualifying times and grid order
- Yesterday 10:25
Related news
Axed F1 star issues statement over NIGHTMARE new team debut
Axed F1 star gets new drive as STUNNING images emerge
Axed F1 star set to return in SHOCK twist
Axed F1 star given LIFELINE as new seat announced in official statement
F1 Standings
Drivers
- Lewis Hamilton
- Charles Leclerc
- Lando Norris
- Oscar Piastri
- Franco Colapinto
- Pierre Gasly
- Isack Hadjar
- Max Verstappen
- Alexander Albon
- Carlos Sainz
- Andrea Kimi Antonelli
- George Russell
- Oliver Bearman
- Esteban Ocon
- Fernando Alonso
- Lance Stroll
- Liam Lawson
- Arvid Lindblad
- Gabriel Bortoleto
- Nico Hülkenberg
- Valtteri Bottas
- Sergio Pérez
Races
-
Grand Prix of Australia 2026
-
Grand Prix of China 2026
-
Grand Prix of Japan 2026
-
Grand Prix of Bahrain 2026
-
Saudi Arabian Grand Prix 2026
-
Miami Grand Prix 2026
-
Grand Prix du Canada 2026
-
Grand Prix De Monaco 2026
-
Gran Premio de Barcelona-Catalunya 2026
-
Grand Prix of Austria 2026
-
Grand Prix of Great Britain 2026
-
Grand Prix of Belgium 2026
-
Grand Prix of Hungary 2026
-
Dutch Grand Prix 2026
-
Grand Prix of Italy 2026
-
Gran Premio de España 2026
-
Grand Prix of Azerbaijan 2026
-
Grand Prix of Singapore 2026
-
Grand Prix of the United States 2026
-
Gran Premio de la Ciudad de Mexico 2026
-
Grande Prêmio de São Paulo 2026
-
Las Vegas Grand Prix 2026
-
Qatar Grand Prix 2026
-
Grand Prix of Abu Dhabi 2026
Follow us on your favorite social media channel
Editorial & corporate information
Avenue HQ
10–12 East Parade
Leeds
LS1 2BH
United Kingdom Regional correspondence
View contact page
Realtimes Network
- Authors
- Privacy and Terms
- RSS
- Contact
- Advertise
- Android
- iOS
- Publishing principles
- Corrections policy
- Ownership & funding
- F1 Tickets
- Privacy
Copyright (©) 2017 - 2026 GPFans.com
Realtimes Network












