News Details
Force India back in credit after paying off all debts
Force India has almost completely paid off its debts which put the team in administration this July, as investor Lawrence Stroll took personal responsibility to get the Pink Panthers back in credit. Racing Point Force India, as they're now called since the takeover in July, was in a crisis then as they went into administration. The team had a lot of debt and hadn't paid its employees for months. An investment group, led by Lance Stroll's father Lawrence, came in and took over the team, getting it out of administration under the condition that 'Racing Point' would be added to the team's name. It's a rule in the F1 that any team that undergoes a name change is stripped from...
Full Story »
Full Story »
6y ago from GPBlog.com
0
You May Also Be Interested In...
Lawrence Stroll: I’m a guy like any other guy
Lawrence Stroll has spent a fortune on his son's racing career, most...
6y ago from GrandPrix247.com
Stroll pleased his friendship bridge "hasn't...
Lance Stroll looks more and more likely to switch to Force India next and...
6y ago from GPBlog.com
Perez: Force India F1 ‘stuck on standby’ before...
Sergio Perez says it felt like Force India was “stuck on standby”...
6y ago from Crash.net
Ocon and Stroll still friends despite impending Force...
Lance Stroll says he is relieved that the "bridge hasn't burned"...
6y ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
Former F1 team principal Guenther Steiner set to take...
Former Haas Formula 1 team principal Guenther Steiner is finalising a...
1d ago from MotorsportWeek.c...
Guenther Steiner finalizing purchase of Tech3 MotoGP...
No description available...
1d ago from Motorsport.com
Why Alex Marquez isn't worried he’s tumbling out of...
No description available...
1d ago from Motorsport.com
‘At Balaton, MotoGP bikes might not even use fifth...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
FOX Corporation acquires one-third stake in IndyCar...
No description available...
2d ago from Motorsport.com
FOX acquires 33% stake in Penske Entertainment, IndyCar
Fox Corporation, parent company of broadcast company FOX Sports, has...
2d ago from MotorsportWeek.c...
Colton Herta: IndyCar at Laguna Seca is a...
IndyCar’s latest visit to Laguna Seca produced rave reviews from...
4d ago from MotorsportWeek.c...
Alex Palou will not play it safe in Portland to secure...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
WRC Rally Finland: Toyota locks out top five after...
No description available...
19h ago from Motorsport.com
Kalle Rovanperä leads five-driver Toyota lockout in...
Wet weather greeted the competitors on Saturday morning as the longest...
19h ago from MotorsportWeek.c...
Clash with WRC scrutineer earns Ott Tanak 5-min...
No description available...
1d ago from Motorsport.com
World Rally Champion claims “all hopes are lost”...
No description available...
17h ago from Motorsport.com
Popular On GunnersToday.com
Liverpool's interest in PL star could complicate...
Liverpool's interest in English defender Marc Guehi could be a major blow...
51m ago from SportsKeeda.com
Fabrizio Romano: Arsenal make contact to sign another...
Arsenal were thought to have turned their attention to sealing one or two...
1h ago from FreshArsenal.com
Real Madrid Transfer News Roundup: Liverpool eyeing...
Real Madrid are looking ahead to their pre-season tie against WSG Tirol at...
1h ago from SportsKeeda.com
Why did Arsenal step away from possible deal for...
Arsenal reportedly pulled out of the race for Alexander Isak this summer...
2h ago from SportsKeeda.com
Comments
Hottest News
Red Bull hit with PENALTY after FIA confirm rules breaches
Red Bull have been hit with a major rules breach... Read More »
2h ago from GPFans.com
Max Verstappen makes shock request after Red Bull horror...
Max Verstappen has made a request not many would... Read More »
5h ago from RacingNews365.com
Zak Brown makes brutal claim following Christian Horner...
The McLaren CEO has aired his true feelings on... Read More »
1h ago from RacingNews365.com
