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Perez petition leaves Force India in administration - report
The Force India Formula 1 team has been placed into administration, but will continue to race in 2018 as "urgent" work is started in an attempt to rescue the team. Force India were placed into administration by a London court on Friday, the move reportedly activated by a petition from a company linked to their driver Sergio Perez. Force India's financial situation has been known to be precarious for some time and this move once again highlights the financial disparity across Formula 1. Although Force India have finished fourth in the constructors' championship in the past two years, they have still struggled financially as their legacy payments from F1 are dwarfed by those paid to...
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