News Details
Perez and creditors drive Force India into administration!
Force India deputy team principal Bob Fernley has confirmed that the F1 outfit has been put into administration following a court hearing in London on Friday. On Wednesday, the Silverstone-based team was named on a winding-up list of companies by the Companies Court. The originator of the petition was unknown, but according to Reuters the action was initiated by Force India's Sergio Perez, who is apparently owed more than $4 million by the team, a sum linked to the Mexican driver's sponsorship deals. However, additional creditors include Mercedes, which is owed some $15 million in unpaid engine fees, and the team's title sponsor BWT. "An administrator was appointed by the court for...
Full Story »
Full Story »
You May Also Be Interested In...
Force India placed into administration over Perez debt
Force India was placed into administration on Friday, reportedly after...
8y ago from PlanetF1.com
Reports: Force India enter administration
Hungarian Grand Prix – A sponsor of Force India has confirmed that...
8y ago from FormulaSpy.com
Administration imminent for Force India
Following reports in the German media that Force India was on the verge...
8y ago from Pitpass.com
Perez: Force India situation is critical
Sergio Perez described his Force India team’s financial situation as...
8y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez was “playing with us” in San Marino...
No description available...
14h ago from Motorsport.com
From “angry” to podium: How KTM turned around...
No description available...
12h ago from Motorsport.com
Winners and losers from MotoGP’s decisive San Marino...
No description available...
17h ago from Motorsport.com
Marc Marquez: MotoGP rivals gave me a “present” -...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Jonathan Diuguid reveals importance of Laguna Seca win...
Scott McLaughlin took victory in the final race of the 2026 IndyCar...
10h ago from MotorsportWeek.c...
FOX Sports touts second year of IndyCar audience...
FOX Sports has released viewership information for its second season...
2d ago from MotorsportWeek.c...
IndyCar releases final TV ratings for 2026, up 23%...
No description available...
3d ago from Motorsport.com
Palou concludes successful IR-28 oval validation test...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Elfyn Evans says Rally Chile puncture was “harsh”...
No description available...
1d ago from Motorsport.com
Oliver Solberg and Elliot Edmondson turn up the heat...
Oliver Solberg and Elliot Edmondson claimed their third career WRC...
1d ago from MotorsportWeek.c...
WRC Chile: Victory boosts Oliver Solberg’s title...
No description available...
1d ago from Motorsport.com
WRC Chile: Penultimate stage puncture dashes Elfyn...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Carra: Arteta becoming like Sir Alex after ref...
Jamie Carragher says Arsenal boss Mikel Arteta is "becoming the Sir...
6h ago from SkySports.com
'Tired' Liverpool, Chelsea's leaky defence and Villa's...
No description available...
6h ago from SkySports.com
Carabao Cup third round: Watch all 10 ties live on Sky!
Watch every Carabao Cup third-round tie this week live on Sky Sports!
6h ago from SkySports.com
'He's the don!' - Carra believes Arteta has become the...
Jamie Carragher explains why he believes Mikel Arteta has become the Sir...
5h ago from SkySports.com
Comments
Hottest News
McLaren F1 boss warns Oscar Piastri that he must improve in...
McLaren F1 boss Andrea Stella admits that Oscar... Read More »
4h ago from GPFans.com
Toto Wolff says Ferrari 'looked like idiots' over Lewis...
Toto Wolff has opened up on his thoughts about... Read More »
6h ago from GPFans.com
F1: Norris drives the McLaren Hypercar
Lando Norris swapped single-seaters for sports... Read More »
6h ago from Pitpass.com
