News Details
BREAKING: Force India placed into administration!
Force India has been placed into administration over debts apparently owed to Sergio Perez. The Mexican brought forward the action over a £3 million total owed to him by the team. Following a court hearing in London during the Hungarian Grand Prix weekend, the team were officially placed into administration having admitted that they were struggling with debts and looking for a new owner to buy the team out. “An administrator was appointed by the court for Force India F1 this evening,” deputy principal Bob Fernley told Reuters. In a message sent to colleagues, Vijay Mallya said that the action was brought forward by driver Perez. The application was also supported by...
Full Story »
Full Story »
7y ago from GPBlog.com
0
You May Also Be Interested In...
Force India placed into administration over Perez debt
Force India was placed into administration on Friday, reportedly after...
7y ago from PlanetF1.com
Reports: Force India enter administration
Hungarian Grand Prix – A sponsor of Force India has confirmed that...
7y ago from FormulaSpy.com
Perez and creditors drive Force India into...
Force India deputy team principal Bob Fernley has confirmed that the F1...
7y ago from F1i.com
Administration imminent for Force India
Following reports in the German media that Force India was on the verge...
7y ago from Pitpass.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez ‘at peace' after securing 2025...
Factory Ducati rider Marc Marquez was lost for words after clinching his...
8h ago from MotorsportWeek.c...
Gigi Dall’Igna: Marc Marquez’s clarity of mind is...
No description available...
5h ago from Motorsport.com
Fabio Quartararo hails Marc Marquez as a legend as...
No description available...
9h ago from Motorsport.com
Popular On IndyCarToday.com
Mick Schumacher to make IndyCar test debut with Rahal...
No description available...
2d ago from Motorsport.com
Mick Schumacher set for IndyCar test with RLL
Rahal Letterman Lanigan Racing has announced that it will bring in Mick...
2d ago from MotorsportWeek.c...
Andretti hires ex-Penske director Ron Ruzewski as...
Andretti Global announced on Wednesday that it has hired Ron Ruzewski as...
4d ago from MotorsportWeek.c...
Andretti Global signs ex-Penske Ron Ruzewski as team...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Hyundai WRT on the attack
Hyundai Shell Mobis World Rally Team is not taking their 2025 drubbing at...
2d ago from MotorsportWeek.c...
Mandated rest periods at WRC rallies to face FIA vote
No description available...
4d ago from Motorsport.com
Hyundai call set to boost Ott Tanak’s WRC title...
No description available...
5d ago from Motorsport.com
WRC swaps Sardinia for Rome as home of Rally Italy...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Sky journo predicts ruthless Mikel Arteta reaction...
The Premier League never fails to produce drama, and Arsenal’s clash...
1h ago from CaughtOffside.com
Gary Neville pinpoints reason behind Arsenal's win...
Arsenal’s dramatic victory today against Newcastle United has not only...
21m ago from CaughtOffside.com
'He will be EMBARRASSED!' | Gabriel and Woltemade...
Les Ferdinand claims Gabriel will be embarrassed watching the goal back...
1h ago from SkySports.com
Newcastle v Arsenal: Premier League – live
️ Premier League updates from 4.30pm BST<br>⚽️ <a...
4h ago from TheGuardian.com
Comments
Hottest News
Red Bull tipped for shock swoop for McLaren driver
Red Bull's F1 driver lineup past Max Verstappen... Read More »
2h ago from GPFans.com
Brundle shares ‘tricky decision’ as statement confirms...
F1 legend Martin Brundle has been forced to... Read More »
9h ago from GPFans.com
Toto Wolff 'under pressure' at Mercedes as Kimi Antonelli...
A multiple-time F1 race winner has warned that... Read More »
1h ago from GPFans.com