News Details
Force India's collapse; £28.5m still owed to 450 creditors
A very interesting read over at the Independent regarding the impact the Force India administration effort has had and the scale of the unfortunate situation. The short version is this: Team was taken into administration over past due debt totaling £28.5m to more than 450 companies including parts manufacturers, hotels, delivery firms, caterers and even the race tracks in Abu Dhabi and Italy The team was purchased by Lawrence Stroll and a group of investors for £90m from Indian businessmen Subrata Roy and Vijay Mallya who is fighting extradition from Britain to India At the time, Mercedes was very involved in the process as was driver Sergio Perez with £13.7m and $4m owed respectively...
Full Story »
Full Story »
7y ago from TheParcFerme.com
0
You May Also Be Interested In...
Undercut: Youth or age, you decide…
I'm not sure when it happened, I'm not sure I was aware there was a...
7y ago from TheParcFerme.com
Brown: F1 should run special one-off liveries
David Coulthard (GBR) Red Bull Racing RB1 Formula One World Championship,...
7y ago from TheParcFerme.com
McLaren: Quali change could de-value F1 win
Photo by: www.kymillman.com/f1 F1 may be looking at ways to “spice up...
7y ago from TheParcFerme.com
Bottas takes Pole in Russia
Photo by: www.kymillman.com/f1 With Red Bull, Toro Rosso and Fernando...
7y ago from TheParcFerme.com
Elsewhere On The Network
Popular On MGPToday.com
Jose Antonio Rueda crowned 2025 Moto3 champion with...
No description available...
2h ago from Motorsport.com
Fermin Aldeguer regrets leaving door open for late...
No description available...
19h ago from Motorsport.com
Ducati struggles “out of my control” says cryptic...
No description available...
21h ago from Motorsport.com
Alex Rins was “angry” with Marc Marquez for...
No description available...
21h ago from Motorsport.com
Popular On IndyCarToday.com
IMSA’s AO Racing considering expansion, possibly...
AO Racing, one of the more popular teams racing in IMSA currently, is...
18h ago from MotorsportWeek.c...
Five IndyCar teams jump start offseason testing at...
Five different IndyCar teams completed a test at Mid-Ohio Sports Car...
3d ago from MotorsportWeek.c...
Mick Schumacher to make IndyCar test debut with Rahal...
No description available...
1w ago from Motorsport.com
Mick Schumacher set for IndyCar test with RLL
Rahal Letterman Lanigan Racing has announced that it will bring in Mick...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hyundai WRT on the attack
Hyundai Shell Mobis World Rally Team is not taking their 2025 drubbing at...
1w ago from MotorsportWeek.c...
Hyundai call set to boost Ott Tanak’s WRC title...
No description available...
1w ago from Motorsport.com
Mandated rest periods at WRC rallies to face FIA vote
No description available...
1w ago from Motorsport.com
WRC swaps Sardinia for Rome as home of Rally Italy...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
'Hugged him and said thank you' - Mikel Arteta hails...
Arsenal boss Mikel Arteta has praised Viktor Gyokeres for the work he puts...
34m ago from SportsKeeda.com
'Not looking very positive': Arteta issues worrying...
Arsenal midfielder Martin Odegaard picked up an injury during their win...
14h ago from CaughtOffside.com
“Correct the mistake in January”, “We need to...
Arsenal fans are not happy with striker Viktor Gyokeres following his poor...
13h ago from SportsKeeda.com
Martin Ødegaard injury takes shine off Arsenal’s...
No description available...
13h ago from TheGuardian.com
Comments
Hottest News
Max Verstappen and Lewis Hamilton blast ‘ridiculous'...
Formula 1 titans Max Verstappen and Lewis... Read More »
54m ago from MotorsportWeek.com
F1 News Today: Lewis Hamilton demands Ferrari talks as F1...
Lewis Hamilton will host crucial talks with... Read More »
2h ago from GPFans.com
Jenson Button names 'big deal' Lewis Hamilton moment...
Lewis Hamilton has out-qualified Charles Leclerc... Read More »
1h ago from RacingNews365.com
