Alex Palou and Chip Ganassi Racing end McLaren contract fight after $12M ruling

Alex Palou and Chip Ganassi Racing have settled the four-time IndyCar champion's breach of contract dispute with McLaren Racing, and the Spanish driver acknowledged Friday he mishandled the situation. Palou in January was ordered by London’s High Court to pay McLaren more than $12 million after a five-week trial in which the F1 team proved he backed out of two different deals with the racing team. Ahead of the first practice in the IndyCar season, Ganassi said the case had been settled.

By JENNA FRYER