Las Vegas Grand Prix, F1 parent company are reportedly set to pay fans millions over 2023 drain cover incident
One of the most memorable moments of the first Formula 1 Las Vegas Grand Prix weekend didn’t happen during the race or during qualifying.
This came in the first practice session of the weekend, when then-Ferrari driver Carlos Sainz crashed into a manhole cover, causing serious damage to his car’s floor and energy tank, while also damaging then-Alpine driver Esteban Ocon’s car.
The session was red flagged and eventually cancelled; The second practice session was delayed for hours as teams worked to repair the circuit and ensure other drain covers were intact.
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This delay caused thousands of fans to leave before the next session started.
Therefore, soon attorney Steve Dimopoulos filed a class-action lawsuit, saying that attempts to correct the situation were not enough.
Teams are working to repair damage after hitting a loose drain cover during the first practice session of the 2023 Las Vegas Grand Prix weekend. (Photo: Jared C. Tilton – Formula 1/Formula 1 via Getty Images)
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Accordingly Las Vegas Review MagazineCourt documents show a federal judge ordered LVGP and its parent company, Liberty Media Corp. It revealed that it had agreed and given preliminary approval to a deal worth just over $3 million, which is scheduled to receive final approval in November.
“The agreement creates a $3.05 million joint fund for those with approximately 32,000 eligible tickets,” Dimopoulos said in a statement. he said. New York Post. “Individual payouts will vary depending on ticket type, participation rates, attorney fees, costs and administrative expenses.”
Of course, the amount of money each person receives will depend on the number of claimants. But you do the math: If all 32,000 eligible people decide to participate, that’ll leave you with enough money to buy a hat at the next Las Vegas GP, if you’re lucky.
One of the cheap hats.
The then-Ferrari driver suffered major damage to his car after hitting a loose wastegate during practice ahead of the opening Las Vegas Grand Prix. (Photo: Simon Galloway / LAT Images)
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Fortunately, the race ran smoothly in the three years it was held. It will now be part of the F1 program until 2037.
The drainage incident caused further controversy in 2023 when damage to Carlos Sainz’s Ferrari required a new engine, resulting in a ten-place grid penalty. This comes at a time when the Scuderia is in a tight battle with Mercedes for second place in the championship standings.
