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Force India F1 team rescued by Stroll-backed consortium
The Force India Formula 1 team has been saved from administration by a consortium of investors led by Lawrence Stroll. Force India entered administration on the eve of the Hungarian Grand Prix weekend after driver Sergio Perez started legal action against the team in the hope of warding off a winding up petition, but a bid from Stroll, the father of Williams driver Lance Stroll, has been accepted by administrators. The news emerged on Tuesday evening and means all creditors will be paid in full, while all 405 jobs at the team have been secured as a result. Force India chief operations officer Otmar Szafnauer worked with the administrator to find investors in order to safeguard the...
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