News Details

Stroll leads Force India rescue deal

Aug.8 Force India has been rescued by a consortium led by Lawrence Stroll, the billionaire father of Williams driver Lance Stroll. Canadian media including the Montreal Gazette, TSN, QMI Agency and others report that the consortium has reached a definite deal with the Silverstone based team's administrators. La Presse Canadienne claims that Force India will now "exit creditor protection, pay its creditors" and secure the future of the team's 405 employees. "The team will continue its activities starting with the Belgian grand prix at the end of the month," the report said. It is claimed Andre Desmarais, CEO of the Canadian conglomerate Power Corporation, is heavily...
Full Story »
Share

You May Also Be Interested In...

Stroll-backed consortium saves Force India

As expected Force India has been saved by a consortium headed by Lance...
5y ago from GrandPrix247.com

Force India saved by consortium led by Stroll

Force India has been bought by a consortium led by Canadian businessman...
5y ago from F1i.com

Stroll led consortium buys Force India

The administrators for Force India have accepted a bid for the team from...
5y ago from Pitpass.com

Force India sold to Stroll-led consortium

Sergio Perez The Force India Formula 1 team has been sold to a consortium...
5y ago from SpeedCafe.com

Elsewhere On The Network

Popular On MGPToday.com

F1 owner Liberty Media set to finalise purchase of...

Formula 1 owner Liberty Media are in talks to buy Madrid-based company...

Popular On IndyCarToday.com

Rosenqvist: Confidence within MSR growing with every...

Felix Rosenqvist has started off his time with Meyer Shank Racing on a...

Popular On TotalWRC.com

Disaster for Hyundai as Lappi and Tänak retire from...

Esapekka Lappi retired his Hyundai i20 N with a broken gearbox in stage...

Popular On GunnersToday.com

Xavi addresses Barcelona future amid recent speculation

Barcelona head coach Xavi says that he is still planning to stand down...
42m ago from SportsMole.co.uk

Mikel Arteta confirms injured trio have 'chance' of...

Mikel Arteta says that Bukayo Saka, Gabriel Martinelli and Gabriel...
32m ago from SportsMole.co.uk

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.