News Details

Force India sold to Stroll-led consortium

Sergio Perez The Force India Formula 1 team has been sold to a consortium led by billionaire Lawrence Stroll in a move that has seen all 400 staff keep their jobs. The sale will also ensure all creditors of the team are paid in full, with administrators adding that further capital will be available in coming weeks. Force India was placed into administration on the Friday of the Hungarian Grand Prix after Sergio Perez, engine supplier Mercedes, and sponsor BWT triggered the process in a London court. Perez at the time claimed it was an attempt to save the team, which had otherwise faced a winding up petition that would have spelled the immediate closure of the company. The appointed...
Full Story »
1y ago from SpeedCafe.com 0
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...
1y ago from GrandPrix247.com

Force India saved by consortium led by Stroll

Force India has been bought by a consortium led by Canadian businessman...
1y ago from F1i.com

Stroll led consortium buys Force India

The administrators for Force India have accepted a bid for the team from...
1y ago from Pitpass.com

Force India saved by Stroll-backed consortium

The Sahara Force India F1 Team have been saved from administration...

Elsewhere On The Network

Popular On MGPToday.com

Petrucci 'amazing input' for KTM, 'everything Pedrosa...

Brad Binder has praised KTM's decision to sign Danilo Petrucci for the...
11h ago from Crash.net

Binder: Motocross will bite one day, Misano test...

Brad Binder is one of the many MotoGP riders using motocross as a key...
18h ago from Crash.net

MotoGP sabbatical now an option for Ducati's...

Andrea Dovizioso's manager admits his MotoGP rider is now considering...
1d ago from AutoSport.com

Popular On IndyCarToday.com

VeeKay ‘super happy’ after impressive run in...

2020 NTT IndyCar series rookie Rinus VeeKay had an incredible bounce-back...

MECHANIC: Blair Julian, lights to flag with Scott Dixon

If Scott Dixon is the most successful driver of the modern IndyCar era,...
20h ago from SpeedCafe.com

Popular On TotalWRC.com

2020 WRC Set for September Return

The 2020 FIA World Rally Championship is set to get back underway after a...

WRC season to resume with Rally Estonia later this year

The paused 2020 World Rally Championship finally has a date for when its...

Rally DirtFish Officially Cancelled

Rally DirtFish has been cancelled following the confirmation that Rally...

Popular On GunnersToday.com

Lionel Messi: Mikel Arteta discusses Arsenal's chances...

Arsenal boss Mikel Arteta says the prospect of Lionel Messi coming to the...
3h ago from Express.co.uk

Tottenham manager Jose Mourinho aims dig at Arsenal

Jose Mourinho has hit back at Arsenal's apparent ridicule of Tottenham's...
1h ago from SportsMole.co.uk

'He completely deserved it... I always liked him'

Mikel Arteta was delighted to see Alex Lacazette find the net in...
4h ago from Arsenal.com

Preview: Arsenal vs. Leicester City - prediction, team...

Two teams with European aspirations will go head to head at the Emirates...
1h 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.