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 »
7y 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...
7y ago from GPFans.com
Perez explains Force India's financial position
Sergio Perez Sergio Perez has issued statement clarifying his involvement...
7y ago from SpeedCafe.com
Administrators working 'urgently' for best Force India...
Administrators placed in charge of Force India have insisted it is...
7y ago from MotorsportWeek.com
Sahara Force India F1 Team Forced Into Administration...
Sahara Force India Formula One Team were put into administration...
7y ago from TheCheckeredFlag....
Elsewhere On The Network
Popular On MGPToday.com
The philosophy change that has turned Aprilia into a...
No description available...
8h ago from Motorsport.com
Diogo Moreira promoted to LCR Honda for 2026 MotoGP...
LCR Honda has officially announced three-time Moto2 race winner Diogo...
10h ago from MotorsportWeek.c...
Diogo Moreira’s 2026 MotoGP debut with LCR Honda is...
No description available...
12h ago from Motorsport.com
Marc Marquez undergoes shoulder surgery after...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
WATCH: Alex Palou talks F1 dream, perfecting his craft...
No description available...
3h ago from Motorsport.com
Rinus VeeKay signs with Juncos Hollinger Racing for...
Juncos Hollinger Racing has announced that it has signed Rinus VeeKay for...
6h ago from MotorsportWeek.c...
Mick Schumacher is “very open” to exploring an...
No description available...
7h ago from Motorsport.com
Popular On TotalWRC.com
Hyundai Motorsport appoints Andrew Wheatley as WRC...
Hyundai Motorsport has strengthened its team with the appointment of...
10h ago from MotorsportWeek.c...
Hyundai hires former FIA rally boss in new WRC role
No description available...
12h ago from Motorsport.com
Hold on to your TV remotes – More than Machine 2 is...
After winning widespread praise from fans whilst also earning nominations...
11h ago from MotorsportWeek.c...
Popular On GunnersToday.com
'He’s not necessarily that silky player, is he?' -...
Former Manchester United goalkeeper Ben Foster believes Arsenal striker...
55m ago from SportsKeeda.com
Report: Arsenal and Chelsea join six-way tussle to...
Arsenal and Chelsea are among the clubs interested in signing Anton Palmer...
2h ago from CaughtOffside.com
Just In: Man City & Arsenal would have to beat...
Eintracht Frankfurt’s rising full-back Nathaniel Brown has surged onto...
7h ago from CaughtOffside.com
Arsenal latest: Odegaard setback another headache for...
No description available...
8h ago from SkySports.com
Comments
Hottest News
Lewis Hamilton handed devastating timeline for Ferrari F1...
Seven-time F1 champion Lewis Hamilton has been... Read More »
1h ago from GPFans.com
Nicholas Latifi ends two-year social media silence with...
Nicholas Latifi departed the F1 grid at the end... Read More »
4h ago from RacingNews365.com
Christian Horner talks with Ferrari over shock F1 role...
Christian Horner has reportedly held talks with... Read More »
8h ago from MotorsportWeek.com
