Ricciardo and former manager settle $12 million dispute

Daniel Ricciardo and former manager Glenn Beavis have settled a $12million dispute after fees racked up from unpaid commissions. The dispute was taken to the High Court of London last summer.

After making a move to Renault, his manager claimed that Ricciardo had unpaid the 20% commission of his contract with the French manufacturer. The two parties have settled their dispute with an undisclosed fee.

The statement said: "Daniel Ricciardo and Glenn Beavis are pleased to confirm that they have reached an amicable settlement over the amounts due to Glenn and thus bringing to an end the proceedings in the High Court in London. Daniel and Glenn wish each other well in their future endeavours."