F1 debt still hangs over Wilson’s head

His desire to buy a ride in F1 in 2003 has left Wilson with debt hanging over his head ever since

Back when Justin Wilson wanted to race in F1 he and his manager Jonathan Palmer tried coming up with a way to raise the $2.5M the British racer needed to buy an F1 ride, so they took on investors in Justin Wilson.

Wilson isn't expected to pay off the debt that has hung over his head since. The shares invested in "Justin Wilson PLC," Wilson's investment company, increase their value based on his performances, prize money and endorsements. He was limited to personal income of 50,000 pounds in 2003 (an amount worth $98,500 today), 75,000 pounds in 2004 and 100,000 pounds in 2005. Once investors receive double their investment, they are collectively entitled to 10 percent of Wilson's income until 2012.

"We're still under that process in collecting the money until it's all paid back," Wilson said.