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
Why Francesco Bagnaia seems closer to leaving Ducati...
No description available...
1d ago from Motorsport.com
Jorge Martin likely to miss Sepang MotoGP test after...
No description available...
1d ago from Motorsport.com
Yamaha admits 2026 MotoGP performance will decide...
Yamaha knows it must deliver a more competitive 2026 MotoGP bike to...
2d ago from MotorsportWeek.c...
Trackhouse Aprilia launches two liveries ahead of 2026...
Trackhouse Aprilia satellite team has launched its two new liveries in...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Alex Palou responds to McLaren court ruling
Alex Palou has been ordered to pay McLaren Racing over $12 million...
1h ago from MotorsportWeek.c...
McLaren wins contract breach suit against Alex Palou
McLaren has prevailed in its lawsuit against star IndyCar driver Alex...
4h ago from MotorsportWeek.c...
Palou ordered to pay $12 million to McLaren in...
No description available...
2h ago from Motorsport.com
Ed Carpenter Racing reveals multiple organizational...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
WRC Monte Carlo: Oliver Solberg continues domination...
No description available...
2h ago from Motorsport.com
WRC Monte Carlo: Oliver Solberg takes early lead...
No description available...
18h ago from Motorsport.com
The headaches facing WRC crews ahead of a ‘proper...
No description available...
1d ago from Motorsport.com
Can Lancia enjoy success on its anticipated WRC return?
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Report: Arsenal enquire about blockbuster transfer,...
Arsenal have reportedly made some initial informal enquiries over the...
35m ago from CaughtOffside.com
'I don't have any doubts about that' - Pep Guardiola...
Manchester City boss Pep Guardiola hopes that his side can catch Arsenal...
1h ago from SportsKeeda.com
'Thrown to the sharks' - Arsenal teenager Nwaneri...
Arsenal midfielder Ethan Nwaneri has completed a loan deal to Marseille...
1h ago from SkySports.com
Cristiano Ronaldo's Al-Nassr seen as genuine candidate...
Cristiano Ronaldo-led Al-Nassr are reportedly interested in signing...
2h ago from SportsKeeda.com
Comments
Hottest News
F1 News Today: Lewis Hamilton's Ferrari STOPS on track as...
F1 TV's schedule has confirmed fans will miss out... Read More »
55m ago from GPFans.com
Breaking: McLaren handed multi-million dollar payout after...
McLaren was suing IndyCar driver Alex Palou for... Read More »
3h ago from RacingNews365.com
Gasly ready to work hard in 2026 but not setting any...
Pierre Gasly enters his tenth season in Formula 1... Read More »
56m ago from F1i.com
