News Details

Why administration might be Force India's saving grace

It’s been reported that Sergio Perez and his manager, Julian Jakobi, are behind an application for administrators to be appointed to the Force India Formula 1 team over unpaid debts. Documents released on Wednesday show a winding up application was submitted against the team, though details on who it was issued by were kept secret. However a report by RaceFans.net suggests a Guernsey-based company by the name of Brockstone Limited made the application. According to the report, both Perez and his manager have ties to the company. Perez and/or his sponsors are owed £3 million ($4m) by the team, therefore this may be the driving factor behind the winding up order which is also...
Full Story »
Share

You May Also Be Interested In...

Force India in court over winding up order?

The financial status at Force India was described as "critical"...
7y ago from GPBlog.com

Szafnauer: Force India future clear and secure in week...

Vijay Mallya’s Force India Formula One team may have to go into some...
7y ago from GrandPrix247.com

Perez still a believer in Force India despite...

Sergio Perez says Force India's difficult financial situation is holding...
7y ago from F1i.com

Perez: Force India's 'critical' finances a factor in...

Sergio Perez believes that Force India are in a 'critical' financial...
7y ago from FormulaSpy.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Chip Ganassi Racing lands new sponsor for Kyffin...

Chip Ganassi Racing has announced a new sponsor for the team’s #8 entry...

IndyCar announces independent officiating system

The NTT IndyCar Series announced on Thursday that it will implement a new...

Popular On TotalWRC.com

Yohan Rossel and Nikolay Gryazin spearhead Lancia’s...

Team Lancia Corse HF has announced the 2025 WRC2 championship runners-up...

Popular On GunnersToday.com

Another defensive injury increases January transfer...

Morning all. It's a bit mad to think that after spending so much during...
7h ago from Arseblog.com

Arsecast Extra Episode 671 – 15.12.2025

Welcome to another Arsecast Extra, the Arsenal podcast, with myself and...
1d ago from Arseblog.com

“Maybe it’s because I’m not involved” - Arsene...

Former Arsenal manager Arsene Wenger reckons the Gunners have a good...
1d ago from SportsKeeda.com

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.