SAO PAULO: Brazilian auto racing legend Emerson Fittipaldi is drowning in millions of dollars of debt, leading to the seizure of properties including some of his old racecars, media reports said Tuesday (Wednesday in Manila).

Fittipaldi, a two-time winner of both the Formula One world championship and the Indianapolis 500, has racked up 27 million Brazilian reals ($7.4 million) in debts and is facing more than 60 lawsuits in the Brazilian courts, TV Record reported.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details