News Details
Force India placed into administration over Perez debt
Force India was placed into administration on Friday, reportedly after Sergio Perez brought an application over a £3 million debt owed to him. It has long been known that the Formula 1 team is in financial trouble with rumours of a pending buy-out doing the rounds for months. The situation came to a head on Friday when the F1 team was placed into administration following a court hearing in London. 'An administrator was appointed by the court for Force India F1 this evening,' deputy principal Bob Fernley to Reuters. According to reports the action was triggered by their driver Perez over an unpaid debt. Perez, who told journalists at the Hungaroring that Force India's financial...
Full Story »
Full Story »
7y ago from PlanetF1.com
0
You May Also Be Interested In...
Reports: Force India enter administration
Hungarian Grand Prix – A sponsor of Force India has confirmed that...
7y ago from FormulaSpy.com
Why administration might be Force India's saving grace
It’s been reported that Sergio Perez and his manager, Julian...
7y ago from MotorsportWeek.com
Administration imminent for Force India
Following reports in the German media that Force India was on the verge...
7y ago from Pitpass.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
Ducati anticipates ‘2024 version’ of Francesco...
Ducati Team Manager Davide Tardozzi is “very confident” Francesco...
20m ago from MotorsportWeek.c...
Honda completes another test with 2027 bike as Ducati...
No description available...
17h ago from Motorsport.com
Jorge Martin: Aprilia signed me to win the title,...
No description available...
19h ago from Motorsport.com
Can Aprilia dethrone Ducati in the 2026 MotoGP title...
The conclusion of the 2025 MotoGP season saw an unprecedented level of...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Long Beach to bring in new leadership for iconic event
Organizers of the annual Grand Prix of Long Beach event have announced...
1d ago from MotorsportWeek.c...
Grand Prix of Long Beach set for leadership change
No description available...
1d ago from Motorsport.com
Pato O’Ward joined by F2 champion in McLaren F1...
McLaren has announced its driver development program lineup for 2026,...
1d ago from MotorsportWeek.c...
Kucharczyk set for 2026 Indy NXT run with HMD
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Luciano Benavides defeats Ricky Brabec by two seconds...
No description available...
1h ago from Motorsport.com
Ford's Nani Roma survives late crash and fuel drama to...
No description available...
16h ago from Motorsport.com
Dakar 2026, Stage 13: Nasser Al-Attiyah wins to extend...
No description available...
22h ago from Motorsport.com
Popular On GunnersToday.com
'In active talks' – Fabrizio Romano provides...
Fabrizio Romano says Chelsea are in active talks over signing a new...
2h ago from CaughtOffside.com
League position not a factor as we face another tricky...
Morning all. After our midweek exploits, it's another away trip today,...
2h ago from Arseblog.com
Report: Arsenal rival Bayern Munich for transfer of...
Arsenal are reportedly up against Bayern Munich for the potential transfer...
3h ago from CaughtOffside.com
Mikel Arteta gives intriguing response to question...
Arsenal manager Mikel Arteta has spoken out on the reported addition...
12h ago from CaughtOffside.com
Comments
Hottest News
F1 2026: Red Bull finally gave Max Verstappen what he wanted
Max Verstappen got exactly what he asked for... Read More »
50m ago from GPFans.com
Piastri offers a subtle warning about what’s coming in F1
McLaren star Oscar Piastri believes that Formula... Read More »
50m ago from F1i.com
F1: Ford v Cadillac
Before a wheel has turned in anger, American... Read More »
1h ago from Pitpass.com
