News Details
Force India's financial problems deepen
Sergio Perez The financial problems facing Force India have deepened with revelations that on Wednesday the team was in court to respond to a winding up petition. A winding up petition essentially places the team into administration, though allows the it to continue trading. It could however see an official appointed to liquidate some of its assets in order to pay its debts. Reports have suggested the team owes nearly $16million to the Daimler/Mercedes group, which supplies the team with engines, and $5.3million to a company linked to Sergio Perez. Sponsor BWT was also part of the winding up application submitted to the court, claiming its sponsorship deal was actually a loan. Force India...
Full Story »
Full Story »
7y ago from SpeedCafe.com
0
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
Joe Blogs F1: Force India in court as team seeks...
If one looks through the officials lists of UK companies facing winding...
7y ago from MotorsportWeek.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
Elsewhere On The Network
Popular On MGPToday.com
Shoulder injury pushes Marc Marquez into his...
No description available...
2h ago from Motorsport.com
Exclusive: Ai Ogura in, Alex Rins out at Yamaha for...
No description available...
1d ago from Motorsport.com
Guenther Steiner: MotoGP riders ‘need to be of a...
Tech3 KTM CEO Guenther Steiner has continued to share his admiration for...
2d ago from MotorsportWeek.c...
KTM backs “unlucky” Maverick Vinales to return and...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Andretti confirmed to field just three cars for Indy...
Andretti Global has confirmed that the team will only run three cars in...
2d ago from MotorsportWeek.c...
AJ Foyt Racing adds Toby Sowery as reserve driver
No description available...
2d ago from Motorsport.com
Toby Sowery joins AJ Foyt Racing in IndyCar reserve...
AJ Foyt Racing has appointed Toby Sowery as the team’s reserve driver...
2d ago from MotorsportWeek.c...
Feature: RLL’s split fortunes in Barber highlight...
At the most recent IndyCar race from Barber Motorsports Park, Graham...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Thierry on top in Croatia
Thierry Neuville and Martijn Wydaeghe are on track to claim Hyundai’s...
19h ago from MotorsportWeek.c...
WRC Croatia: Hyundai closes in on first win to end...
No description available...
16h ago from Motorsport.com
WRC Croatia: Puncture chaos hands Thierry Neuville...
No description available...
18h ago from Motorsport.com
Oliver Solberg out of Croatia Rally (for now)
Friday: Oliver Solberg crashed out of Rally Croatia about four km into...
2d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Perspective: 5 reasons Mikel Arteta sack would be a...
Nine points clear at the top of the table with six games left and Arsenal...
2h ago from CaughtOffside.com
Brazil International rejects Manchester United and...
Brazil international and Atalanta midfielder Ederson has reportedly...
1h ago from SportsKeeda.com
“Apparently he’s the biggest leader since Lord...
Jan Age Fjortoft has slammed Arsenal star Declan Rice after the Gunners'...
2h ago from SportsKeeda.com
Sources: Liverpool & Chelsea have 'very concrete...
Liverpool and Chelsea are among the clubs preparing to make a move for one...
4h ago from CaughtOffside.com
Comments
Hottest News
Ex-F1 star names the one driver who was harder to race than...
Former F1 star Jacques Villeneuve has revealed... Read More »
1h ago from MotorsportWeek.com
Martin Brundle F1 Disqualifications: The Tyrrell scandal...
Martin Brundle’s name doesn’t show up on a... Read More »
1h ago from GPFans.com
Lance Stroll just tried and failed to copy Max...
Lance Stroll attempted to get away from Aston... Read More »
2h ago from GPFans.com
