Alex Palou's management team Monaco Increase Management has weighed in on the current contract saga between the IndyCar driver and McLaren.
The Spaniard has apparently reneged on a contract to race for Arrow McLaren next year despite the team having already paid a portion of his 2024 earnings.
McLaren CEO Zak Brown expressed his frustration at the situation, highlighting they had invested a significant amount of time preparing him to join the team.
Palou had run multiple F1 tests with the team as part of their 'Testing of Previous Cars' programme, which saw him test a MCL35M at multiple circuits in 2022.
The team also ran him during an FP1 session at the United States Grand Prix, fulfilling their obligations to run rookie drivers in at least two FP1 sessions in a year.
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Palou contract went 'beyond any contractual obligation'
Palou's management agency has doubled down on the situation, with a statement reading: "Monaco Increase Management is bitterly disappointed to learn about Alex Palou’s decision to break an existing agreement with McLaren for 2024 and beyond.
"Together, we had built a relationship that we thought went beyond any contractual obligation and culminated in winning the 2021 Indycar crown and tracing a path to F1 opportunities.
"Life goes on and we wish Alex all the best for his future achievements."