News Details
Force India sold to Stroll-led consortium
Sergio Perez The Force India Formula 1 team has been sold to a consortium led by billionaire Lawrence Stroll in a move that has seen all 400 staff keep their jobs. The sale will also ensure all creditors of the team are paid in full, with administrators adding that further capital will be available in coming weeks. Force India was placed into administration on the Friday of the Hungarian Grand Prix after Sergio Perez, engine supplier Mercedes, and sponsor BWT triggered the process in a London court. Perez at the time claimed it was an attempt to save the team, which had otherwise faced a winding up petition that would have spelled the immediate closure of the company. The appointed...
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7y ago from SpeedCafe.com
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