The premise isn't sound either. You can't sell an app or anything lawfully without being of age. Now I'm not from Europe, but neither is Google, and that creates another giant hole in the story.
Not to mention the bit about track days as mentioned earlier, being as he'd have no valid drivers license how can he run track days? Not to mention he wouldn't be allowed by anyone in their right mind anyways due to legal reasons if he gets hurt...
Then there is the inconsistency of the story all together.
I call BS. Douchebag, lying Ferrari owner just starting out young.
I am somewhat skeptical about the whole story, however you can most certainly run track days in Europe without a drivers license. I started doing track days when I was 14 with just a permit from a sanctioning body. A friend of mine got his drag race competition license 2 years before he got his drivers license.
Anywho, back to the main story. Curious to see how this ends!