News Details
Force India F1 enters administration
Force India has been placed into administration following a High Court ruling on Friday, with the team's current Formula 1 driver, Sergio Perez, and engine supplier Mercedes among the creditors pushing for the move. Following many months of financial uncertainty, Force India was present for a hearing at the High Court in London where it was placed into administration, as confirmed to Crash.net following multiple reports on Friday night. 5774263478001 CrashTV: While this will not have any impact on the day-to-day running of the team, it allows officials to progress in the push to find a possible new buyer or secure fresh investment. Perez called Force India's financial situation...
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