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
Trackhouse boss reveals steps MotoGP must take to...
Trackhouse owner Justin Marks has revealed how he plans to promote his...
18h ago from MotorsportWeek.c...
Alex Marquez still involved in Ducati’s MotoGP...
No description available...
21h ago from Motorsport.com
Aleix Espargaro to undergo surgery after vertebral...
No description available...
22h ago from Motorsport.com
Nicolo Bulega is not Ducati's "first choice"...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Exclusive Q&A: Mick Schumacher believes 'great things...
No description available...
14h ago from Motorsport.com
Experienced engineer Mike O’Gara joins IndyCar as...
IndyCar has announced that Mike O’Gara has joined the series as Vice...
16h ago from MotorsportWeek.c...
Mike O’Gara named IndyCar’s Vice President of...
No description available...
17h ago from Motorsport.com
Roger Penske adds voice to discussion on US sports...
Roger Penske, owner of the NTT IndyCar Series and the Indianapolis Motor...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
The Rally1 rookie proving he belongs in the WRC top...
No description available...
15h ago from Motorsport.com
Why WRC Croatia victory was “quite special” for...
No description available...
2d ago from Motorsport.com
Thierry Neuville crashes out of Croatia lead in final...
A dramatic WRC Rally Croatia kept the biggest shock for the Wolf Power...
3d ago from MotorsportWeek.c...
Popular On GunnersToday.com
£80m star wants transfer this summer, Liverpool have...
Anthony Gordon is reportedly open to leaving Newcastle United this summer...
32m ago from CaughtOffside.com
The Verdict: Arsenal make history with unconvincing...
Sky Sports reporter Dharmesh Sheth rounds up the best of the reaction as...
32m ago from SkySports.com
Report: Arsenal and Chelsea locked in tug-of-war for...
Como’s promising young defender Jacobo Ramón has emerged as one of the...
2h ago from CaughtOffside.com
Arsenal 0-0 Sporting: Gunners lean into their real...
Match report – Player ratings – Arteta reaction Arsenal are...
2h ago from Arseblog.com
Comments
Hottest News
F1 crisis team Aston Martin ‘not a happy ship’, Sky...
Aston Martin is ‘not a happy ship’ according... Read More »
1h ago from GPFans.com
Charles Leclerc and Ferrari are at the crossroads: The F1...
Since Lewis Hamilton's grip on Formula 1... Read More »
52m ago from GPFans.com
Russell calls for F1’s return to the Nürburgring after...
George Russell says he would “love” Formula 1... Read More »
32m ago from F1i.com
