News Details
Force India placed into administration over Perez debt
Force India was placed into administration on Friday, reportedly after Sergio Perez brought an application over a £3 million debt owed to him. It has long been known that the Formula 1 team is in financial trouble with rumours of a pending buy-out doing the rounds for months. The situation came to a head on Friday when the F1 team was placed into administration following a court hearing in London. 'An administrator was appointed by the court for Force India F1 this evening,' deputy principal Bob Fernley to Reuters. According to reports the action was triggered by their driver Perez over an unpaid debt. Perez, who told journalists at the Hungaroring that Force India's financial...
Full Story »
Full Story »
7y ago from PlanetF1.com
0
You May Also Be Interested In...
Reports: Force India enter administration
Hungarian Grand Prix – A sponsor of Force India has confirmed that...
7y ago from FormulaSpy.com
Why administration might be Force India's saving grace
It’s been reported that Sergio Perez and his manager, Julian...
7y ago from MotorsportWeek.com
Administration imminent for Force India
Following reports in the German media that Force India was on the verge...
7y ago from Pitpass.com
Perez still a believer in Force India despite...
Sergio Perez says Force India's difficult financial situation is holding...
7y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez and Ducati set for two-year MotoGP...
No description available...
12h ago from Motorsport.com
Marc Marquez shares update on injury recovery at...
No description available...
14h ago from Motorsport.com
Marc Marquez, Francesco Bagnaia unveil retro-inspired...
No description available...
18h ago from Motorsport.com
Ducati showcases 2026 MotoGP livery
Reigning back-to-back Teams’ Champions Ducati Corse has unveiled its...
18h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Pato O’Ward joined by F2 champion in McLaren F1...
McLaren has announced its driver development program lineup for 2026,...
4d ago from MotorsportWeek.c...
Long Beach to bring in new leadership for iconic event
Organizers of the annual Grand Prix of Long Beach event have announced...
4d ago from MotorsportWeek.c...
Grand Prix of Long Beach set for leadership change
No description available...
4d ago from Motorsport.com
Kucharczyk set for 2026 Indy NXT run with HMD
No description available...
5d ago from Motorsport.com
Popular On TotalWRC.com
Sebastien Loeb after 13 Dakar punctures: Cars now...
No description available...
1d ago from Motorsport.com
Nani Roma: Dakar 2026 at 'F1 level' after close fight
No description available...
2d ago from Motorsport.com
Dakar 2026: Dacia edges Ford and Toyota as Nasser...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
‘We are getting closer’: Gabriel Jesus targets...
t;li>Brazilian striker yet to hold talks over new dealArteta keen to...
8h ago from TheGuardian.com
Inter vs Arsenal preview: Gunners trio to miss trip
No description available...
9h ago from SkySports.com
Inter Milan vs Arsenal Prediction and Betting Tips |...
The UEFA Champions League is back in action with another set of matches...
10h ago from SportsKeeda.com
Arsecast Extra Episode 677 – 19.01.2026
Welcome to another Arsecast Extra, the Arsenal podcast, with myself and...
15h ago from Arseblog.com
Comments
Hottest News
LIVE: Honda unveil 2026 F1 power unit for Aston Martin
In a live event in Tokyo, Honda is unveiling its... Read More »
54m ago from RacingNews365.com
Ferrari 2026 livery leaked? F1 fans rage at first look
It's only a few days until Ferrari launch their... Read More »
18h ago from GPFans.com
Former F1 steward makes stunning Abu Dhabi 2021 claims
A former Formula 1 driver and long-serving FIA... Read More »
15h ago from MotorsportWeek.com
