Legal action is being taken against the Algarve race track administrators for an alleged debt to the tune of €3.2 million over a GP2 Series championship event held there in 2009.
The news, which is being reported widely in the press, is about a legal case brought forward by Formula One Managament (FOM) over the lack of payments by Parkalgar relating to the GP2 Series race in September that year.
Speaking to Diário de Notícias newspaper, a spokesman for Parkalgar said that because “government entities had failed with agreed payments”, it was then unable to meet with its contractual obligations.
Correio da Manhã newspaper also reported that there were “14 other court cases” being brought against Parkalgar over the “lack of payments to various suppliers”.
A spokesman for Parkalgar confirmed to the Algarve Resident this week that there was a court case relating to the GP2 Series championship but would not disclose any further information regarding “numbers”.
