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...
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 sold to Stroll-led consortium

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

Elsewhere On The Network

Popular On MGPToday.com

MotoGP News: Petrucci confirms Ducati departure at the...

Danilo Petrucci has confirmed that he will no longer be a Ducati MotoGP...
6h ago from AutoSport.com

MotoGP Gossip: “Valentino Rossi’s ex-crew chief...

While Valentino Rossi may be pondering retirement in the not too distant...
7h ago from Crash.net

Popular On IndyCarToday.com

IndyCar News: Carlin down to one car for IndyCar...

Carlin will enter just one Chevrolet for this Saturday's 2020 IndyCar...
1h ago from AutoSport.com

IndyCar considering multi-stage introduction of new...

The NTT IndyCar Series is evaluating the merits of introducing its next...
39m ago from Racer.com

Racing the aeroscreen at night is an unknown –...

IndyCar is heading into the unknown as it prepares to use the Aeroscreen...
19m ago from MotorsportWeek.c...

Popular On TotalWRC.com

Toyota GAZOO Racing Partner With eSports WRC, GR Yaris...

Toyota GAZOO Racing have signed a multi-year title sponsor agreement with...

Popular On GunnersToday.com

Little explains role of captain during lockdown

As club captain, Kim Little boasts a wealth of responsibilities both on...
2h ago from Arsenal.com

‘It’s been interesting and challenging at times’

Despite having less contact with her team-mates than ever before, Kim...
2h ago from Arsenal.com

‘I’ve really cherished this opportunity’

Throughout lockdown, Joe Montemurro has been working harder than ever to...
2h ago from Arsenal.com

Premier League clubs handed boost as friendlies given...

Premier League clubs handed boost as friendlies given thumbs up ahead of...
1h ago from Express.co.uk

Comments

Hottest News

OFFICIAL: FIA shows new European F1 calendar for the 2020...

Because of the coronavirus, Formula 1 fans have... Read More »
7h ago from GPBlog.com

Ferrari to play with ‘one striker' in 2021

Ferrari are going to switch formation next season... Read More »
6h ago from PlanetF1.com

F1 will not add more free-to-air TV coverage this year

Formula 1 will not increase its allocation of... Read More »
1h ago from F1i.com

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.