News Details

Stroll leads Force India rescue deal

Aug.8 Force India has been rescued by a consortium led by Lawrence Stroll, the billionaire father of Williams driver Lance Stroll. Canadian media including the Montreal Gazette, TSN, QMI Agency and others report that the consortium has reached a definite deal with the Silverstone based team's administrators. La Presse Canadienne claims that Force India will now "exit creditor protection, pay its creditors" and secure the future of the team's 405 employees. "The team will continue its activities starting with the Belgian grand prix at the end of the month," the report said. It is claimed Andre Desmarais, CEO of the Canadian conglomerate Power Corporation, is heavily...
Full Story »
Share

You May Also Be Interested In...

Stroll-backed consortium saves Force India

As expected Force India has been saved by a consortium headed by Lance...
6y ago from GrandPrix247.com

Force India saved by consortium led by Stroll

Force India has been bought by a consortium led by Canadian businessman...
6y ago from F1i.com

Stroll led consortium buys Force India

The administrators for Force India have accepted a bid for the team from...
6y ago from Pitpass.com

Force India sold to Stroll-led consortium

Sergio Perez The Force India Formula 1 team has been sold to a consortium...
6y ago from SpeedCafe.com

Elsewhere On The Network

Popular On MGPToday.com

Jorge Martin's opening ‘four' MotoGP races with...

Aprilia targets Jorge Martin's opening four MotoGP races with the team...

Creditors approve Pierer Industrie AG restructuring...

It has been revealed that creditors have approved Pierer Industrie AG's...

Popular On IndyCarToday.com

Team Penske quickest in final IndyCar test day

The NTT IndyCar Series held its second and final preseason open test day...

IndyCar tire allocations, practice rules updated for...

IndyCar has announced multiple updates to rules regarding use of the...

Pato O’Ward fastest in first day of IndyCar...

The entire NTT IndyCar Series paddock set up shop in Sebring, Florida on...

Pit lane speed adjustments made for 2025 IndyCar season

The NTT IndyCar Series has announced a few changes for the upcoming 2025...

Popular On TotalWRC.com

Elfyn Evans wins Rally Sweden by a whisker

Super Sunday on Rally Sweden was just that! After 300km of hard racing,...

Elfyn Evans under pressure on Rally Sweden –...

Elfyn Evans and Scott Martin maintained their lead on Rally Sweden after...

Popular On GunnersToday.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.