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
Honda pinpoints potential ‘advantage' ahead of...
Honda technical director Romano Albesiano believes there is one specific...
4h ago from MotorsportWeek.c...
Toprak Razgatlioglu’s manager backs Pramac...
No description available...
6h ago from Motorsport.com
Toprak Razgatlioglu admits MotoGP adaptation...
Toprak Razgatlioglu has admitted that his adaptation to MotoGP feels...
1d ago from MotorsportWeek.c...
2027 MotoGP bikes may not be slower at half the...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Conor Daly snags Indy 500 ride with Dreyer and Reinbold
Dreyer and Reinbold Racing has announced that Conor Daly will drive for...
23h ago from MotorsportWeek.c...
Conor Daly set for Indy 500 run with Dreyer & Reinbold...
No description available...
23h ago from Motorsport.com
Winners and losers from an action-packed IndyCar race...
No description available...
1d ago from Motorsport.com
IndyCar reveals track design for Washington D.C. event
IndyCar has revealed the track design for the newly-added event in...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Why Safari Rally Kenya will be more of a lottery than...
No description available...
5h ago from Motorsport.com
Hankook introduces new WRC tyre at Safari Rally Kenya
No description available...
1d ago from Motorsport.com
Toyota tips Hyundai to fight back in WRC 2026
No description available...
1d ago from Motorsport.com
Hyundai's WRC upgrade plan to close the gap to Toyota
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Have Arsenal just made a major £75million mistake?
Arsenal recently handed Bukayo Saka a bumper new contract – the...
25m ago from CaughtOffside.com
Exclusive: Arsenal considering 10 G/A star for...
Arsenal are exploring the market for wingers this summer, and Brentford's...
1h ago from CaughtOffside.com
Arteta told he has 'brave decision' to make after...
Arsenal manager Mikel Arteta has been told that he may have a 'brave...
2h ago from CaughtOffside.com
Champions League review: English teams disappoint,...
six of the Premier League’s last-16 teams have plenty of work to do in...
1h ago from TheGuardian.com
Comments
Hottest News
Fred Vasseur claims 'Ferrari would have won F1 title' if...
Ferrari team principal Fred Vasseur has pointed... Read More »
5h ago from GPFans.com
F1: Norris doubles down on F1 2026 criticism
Lando Norris is backed by Fernando Alonso as he... Read More »
55m ago from Pitpass.com
Aston Martin gets testy over Honda battery questions in...
As Aston Martin and its engine partner Honda sat... Read More »
4h ago from F1i.com
