As F1i stated yesterday, all claims have now been settled between Sauber and Giedo van der Garde who believed he had a valid contract to race with the Swiss team in 2015.

The Dutch driver issued a statement in which he expresses his regret at the outcome of the dispute, acknowledging the fact that his career in F1 is now most probably over.

"As a passionate race driver, I feel sad and am very disappointed. I have worked very hard my entire career, ever since starting with go-karts at the age of eight, to live my dream and become a successful F1 driver. I had hoped at last to be able to show what I am capable of, driving a car for a respected midfield team in the 2015 season. This dream has been taken away from me."

In his statement published on his Facebook page, van der Garde also dwelled on the subject of driver contracts and the necessity to protect and enforce in the future agreements between teams and drivers.

"I would like to direct a few words to the teams, drivers, future drivers, their managers and the Formula One governing bodies. I sincerely hope that what has happened to me will start a movement aimed at setting new standards and bringing about new regulations to help protect the rights of drivers. I would like to think that the values and business ethics that apply in any other business should be equally applicable in Formula One."

The Dutchman has now pinned his hopes on racing in the World Endurance Championship and at Le Mans in the near future, as well as in the German DTM series.

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Phillip van Osten

Motor racing was a backdrop from the outset in Phillip van Osten's life. Born in Southern California, Phillip grew up with the sights and sounds of fast cars thanks to his father, Dick van Osten, an editor and writer for Auto Speed and Sport and Motor Trend. Phillip's passion for racing grew even more when his family moved to Europe and he became acquainted with the extraordinary world of Grand Prix racing. He was an early contributor to the monthly French F1i Magazine, often providing a historic or business perspective on Formula 1's affairs. In 2012, he co-authored along with fellow journalist Pierre Van Vliet the English-language adaptation of a limited edition book devoted to the great Belgian driver Jacky Ickx. He also authored "The American Legacy in Formula 1", a book which recounts the trials and tribulations of American drivers in Grand Prix racing. Phillip is also a commentator for Belgian broadcaster Be.TV for the US Indycar series.

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