News Details
Force India's financial problems deepen
Sergio Perez The financial problems facing Force India have deepened with revelations that on Wednesday the team was in court to respond to a winding up petition. A winding up petition essentially places the team into administration, though allows the it to continue trading. It could however see an official appointed to liquidate some of its assets in order to pay its debts. Reports have suggested the team owes nearly $16million to the Daimler/Mercedes group, which supplies the team with engines, and $5.3million to a company linked to Sergio Perez. Sponsor BWT was also part of the winding up application submitted to the court, claiming its sponsorship deal was actually a loan. Force India...
Full Story »
Full Story »
7y ago from SpeedCafe.com
0
You May Also Be Interested In...
Force India in court over winding up order?
The financial status at Force India was described as "critical"...
7y ago from GPBlog.com
Joe Blogs F1: Force India in court as team seeks...
If one looks through the officials lists of UK companies facing winding...
7y ago from MotorsportWeek.com
Szafnauer: Force India future clear and secure in week...
Vijay Mallya’s Force India Formula One team may have to go into some...
7y ago from GrandPrix247.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
Marco Bezzecchi explains how Ducati ended Aprilia's...
No description available...
11h ago from Motorsport.com
MotoGP Spanish GP: Alex Marquez ends Aprilia’s...
No description available...
15h ago from Motorsport.com
Marc Marquez shrugs off controversy over pitlane entry...
No description available...
1d ago from Motorsport.com
Marc Marquez: 'I don't have the pace to fight for...
No description available...
14h ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar to limit entries to those holding a charter
The NTT IndyCar Series has confirmed that future races will be limited to...
14h ago from MotorsportWeek.c...
Tony Kanaan opens up on Lundgaard, Siegel contract...
No description available...
2d ago from Motorsport.com
Pato O'Ward issues damning verdict on ‘Mario...
Pato O'Ward isn't chasing F1 any more after falling out of love with...
5d ago from MotorsportWeek.c...
Winners and losers from the IndyCar Grand Prix of Long...
No description available...
5d ago from Motorsport.com
Popular On TotalWRC.com
Oliver Solberg explains crash that ended WRC Canary...
No description available...
8h ago from Motorsport.com
Sebastien Ogier dominates Rally Islas Canarias
Sebastien Ogier and Vincent Landais headed a Toyota one-two-three-four in...
13h ago from MotorsportWeek.c...
Oliver Solberg crashes out of Rally Islas Canarias
Oliver Solberg and Elliot Edmondson have crashed out of Rally Islas...
17h ago from MotorsportWeek.c...
WRC Canary Islands: Oliver Solberg crashes out of...
No description available...
16h ago from Motorsport.com
Popular On GunnersToday.com
'Let Arteta win the league' - Arsenal fans make plea...
An Arsenal fan has posted a video of himself begging Manchester City...
6h ago from SportsKeeda.com
Report: Arsenal open to selling summer signing after...
Arsenal are open to listening to offers for summer signing Viktor Gyokeres...
6h ago from CaughtOffside.com
Drowning in the banter-sphere: how can the Premier...
current season has become a meme-war without end, an endless rolling wall...
6h ago from TheGuardian.com
Arsenal keeping tabs on Real Madrid attacker as they...
Arsenal are reportedly monitoring Real Madrid forward Endrick as they look...
11h ago from SportsKeeda.com
Comments
Hottest News
2026 F1 Miami Grand Prix - Time Schedule
Don't miss any of the action and check out all... Read More »
8m ago from RacingNews365.com
Meet Lewis Hamilton's ultimate superfan and you may know...
Seven-time F1 champion Lewis Hamilton has the... Read More »
7h ago from GPFans.com
McLaren boss takes aim at Daniel Ricciardo's final act in F1
McLaren CEO Zak Brown recently used Daniel... Read More »
8h ago from GPFans.com
