News Details

Stroll led consortium buys Force India

The administrators for Force India have accepted a bid for the team from a consortium led by Lawrence Stroll, billionaire father of Williams driver Lance Stroll. FRP Advisory confirms that all jobs at the Silverstone-based outfit have been saved, that all creditors will be paid in full and money will be available immediately as the team strives to defend its fourth-place in the team standings it has held for the last two seasons. 'This outcome secures the future of the Force India team in Formula 1 and will allow our team of racers to compete to our full potential,' said Otmar Szafnauer is a statement tonight. 'I am delighted that we have the support of a consortium of investors who...
Full Story »
10mo ago from Pitpass.com 0
Share

You May Also Be Interested In...

Force India saved by consortium led by Stroll

Force India has been bought by a consortium led by Canadian businessman...
10mo ago from F1i.com

Stroll-backed consortium saves Force India

As expected Force India has been saved by a consortium headed by Lance...
10mo ago from GrandPrix247.com

Stroll rescues Force India

The Force India F1 team are to be rescued from administration by a...
10mo ago from SkySports.com

BREAKING: Force India come out of administration

Force India have agreed on a deal to avoid bankruptcy and to come out of...
10mo ago from GPBlog.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Popular On TotalWRC.com

Popular On GunnersToday.com

Arsenal told to pay £25m for Premier League star...

Gunners have limited spending power this summer, as per reports... The...
1h ago from CaughtOffside.com

Bid imminent: Arsenal ready to step up pursuit of...

Gunners need to focus on this specific area of Emery's squad... The post...
3h ago from CaughtOffside.com

Bielik on the mark again + Claude-Maurice, Tierney and...

Morning all! Some more midweek waffle for you. Let's start at the...
5h ago from Arseblog.com

Arsenal signing this in-form Euro star for £25m could...

Arsenal opinion: Should the Gunners sign Hakim Ziyech? According to a...
5h ago from SoccerSouls.com

Comments

Advertisements

Hottest News

An Iceman just chilling on a wing

Before he headed into the commotion and furor of... Read More »
1h ago from F1i.com

Vettel time penalty review 'on standby' - report

Jun.20 Ferrari's stewards review of the Canada... Read More »
Advertisements

Recent News

Advertisements

Advertisements

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.