The Force India Formula 1 team is to exit administration in the coming weeks after a deal was reached between senior management and a consortium of investors, led by Lawrence Stroll, to secure the future of the team. The future of the Silverstone-based team, which fell into administration last week, had been in jeopardy after Sergio Perez and his manager, backed by sponsor BWT and engine supplier Mercedes, took legal action in a bid to accelerate a takeover. Administrators FRP Advisory were appointed to find a buyer and on Tuesday confirmed a credible party had emerged and a deal had been agreed, which sees a group of Canadian businessmen taking control, led by billionaire Stroll, the...
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