News Details
Force India racing on amid administration
Jul.29 Force India is racing ahead in Hungary, even though it has been placed into financial administration. The news from a London court arrived in Hungary that action taken by Sergio Perez, Mercedes and sponsor BWT had meant the F1 team is now being run by FRP Advisory. "The team will continue to operate as normal, including racing in Hungary this weekend," joint administrator Geoff Rowley said in a statement. Force India owes millions to creditors, including a reported $4 million to Mexican driver Perez. Team owner Vijay Mallya is furious. "They've driven us to bankruptcy," the former Indian billionaire said. But Perez defended his actions, saying he and manager...
Full Story »
Full Story »
6y ago from OneStopStrategy.com
0
You May Also Be Interested In...
Perez petition leaves Force India in administration -...
The Force India Formula 1 team has been placed into administration, but...
6y ago from GPFans.com
Perez explains Force India's financial position
Sergio Perez Sergio Perez has issued statement clarifying his involvement...
6y ago from SpeedCafe.com
Administrators working 'urgently' for best Force India...
Administrators placed in charge of Force India have insisted it is...
6y ago from MotorsportWeek.com
Sahara Force India F1 Team Forced Into Administration...
Sahara Force India Formula One Team were put into administration...
6y ago from TheCheckeredFlag....
Elsewhere On The Network
Popular On MGPToday.com
Who is Albert Valera? The agent at the center of the...
No description available...
1d ago from Motorsport.com
Johann Zarco reveals when he ‘began to believe'...
Johann Zarco reveals he “began to believe” he could win his home...
3d ago from MotorsportWeek.c...
Jorge Martin pushing for early Aprilia exit;...
No description available...
1w ago from Motorsport.com
Toprak Razgatlioglu secures Most WorldSBK Race 1...
Toprak Razgatlioglu was a cut above the rest by securing victory in Race...
3d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Pato O’Ward: “I wonder what other things are among...
No description available...
3h ago from Motorsport.com
Penske’s modifications aren’t entirely the...
No description available...
7h ago from Motorsport.com
Rinus Veekay: "Penske cars should have gone to...
No description available...
9h ago from Motorsport.com
IndyCar president says qualifying scandal is...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Rally Portugal criticism causes WRC, FIA to address...
No description available...
1d ago from Motorsport.com
Fourth WRC Hyundai car "still a chance" for...
No description available...
11h ago from Motorsport.com
Sebastien Ogier laments “most demanding” rally...
No description available...
2d ago from Motorsport.com
WRC Portugal: Sebastien Ogier claims record-extending...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Jurrien Timber injury: Arsenal given pre-season hope...
Arsenal are keeping their fingers crossed that Jurrien Timber will return...
3h ago from SportsMole.co.uk
Arsenal have agreed new contracts for 3 key players...
Arsenal have reportedly agreed to renew the contracts of three key players...
2h ago from SportsKeeda.com
Arsenal ahead of Chelsea in race to sign 20-year-old...
Arsenal are reportedly leading the race to sign Borussia Dortmund winger...
2h ago from SportsKeeda.com
Premier League Team of the Week: David Raya, Eddie...
Sports Mole selects its Premier League Team of the Week, including David...
1h ago from SportsMole.co.uk
Comments
Hottest News
Danica Patrick absence from Sky F1 lineup confirmed for...
It has been confirmed that Sky Sports Formula 1... Read More »
2h ago from GPFans.com
McLaren F1 boss responds to cheating scandal as penalties...
McLaren Formula 1 boss Zak Brown has weighed in... Read More »
7h ago from GPFans.com
Explained: How new FIA ruling could impact McLaren's genius...
RacingNews365's technical analyst Paolo Filisetti... Read More »
8h ago from RacingNews365.com
