News Details
Perez and creditors drive Force India into administration!
Force India deputy team principal Bob Fernley has confirmed that the F1 outfit has been put into administration following a court hearing in London on Friday. On Wednesday, the Silverstone-based team was named on a winding-up list of companies by the Companies Court. The originator of the petition was unknown, but according to Reuters the action was initiated by Force India's Sergio Perez, who is apparently owed more than $4 million by the team, a sum linked to the Mexican driver's sponsorship deals. However, additional creditors include Mercedes, which is owed some $15 million in unpaid engine fees, and the team's title sponsor BWT. "An administrator was appointed by the court for...
Full Story »
Full Story »
You May Also Be Interested In...
Force India placed into administration over Perez debt
Force India was placed into administration on Friday, reportedly after...
6y ago from PlanetF1.com
Reports: Force India enter administration
Hungarian Grand Prix – A sponsor of Force India has confirmed that...
6y ago from FormulaSpy.com
Administration imminent for Force India
Following reports in the German media that Force India was on the verge...
6y ago from Pitpass.com
Perez: Force India situation is critical
Sergio Perez described his Force India team’s financial situation as...
6y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Rider radios tried again in Aragon MotoGP test
No description available...
3h ago from Motorsport.com
Francesco Bagnaia: Aragon MotoGP podium result feels...
A third-place finish for Francesco Bagnaia "felt like a...
5h ago from MotorsportWeek.c...
Winners and losers from MotoGP's 2025 Aragon GP
No description available...
8h ago from Motorsport.com
Winning the Aragon GP was “mandatory” claims Marc...
No description available...
10h ago from Motorsport.com
Popular On IndyCarToday.com
AJ Foyt Racing fined $25K, lose championship points...
No description available...
6d ago from Motorsport.com
Santino Ferrucci issued post-race penalty but keeps...
The NTT IndyCar Series has issued a penalty to the #14 entry of Santino...
6d ago from MotorsportWeek.c...
Louis Foster reveals likely cause of scary 180MPH...
On lap 84 of Sunday’s Detroit Grand Prix, Louis Foster was involved in...
1w ago from MotorsportWeek.c...
Detroit GP expected to remain downtown amid potential...
Following the conclusion of the Detroit Grand Prix, organizers have...
4d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Redemption for Ogier
One year on from losing victory on the final stage of Rally Italia...
1d ago from MotorsportWeek.c...
Sebastien Ogier stays aloof from WRC title fight...
No description available...
1d ago from Motorsport.com
Sebastien Ogier takes record-breaking WRC Sardinia...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal latest: 'Al-Hilal to turn to Sesko if Osimhen...
No description available...
49m ago from SkySports.com
Arsecast Extra Episode 643 – 09.06.2025
Welcome to another Arsecast Extra, the Arsenal podcast, with myself and...
39m ago from Arseblog.com
Arsenal make shock move to sign player from Man United
Arsenal will be in the market for a new left winger this summer, and one...
3h ago from CaughtOffside.com
Report: Arsenal table serious contract offer to sign...
With the transfer window officially open and top clubs scrambling to...
4h ago from FreshArsenal.com
Comments
Hottest News
George Russell reveals 'real reason' why Lewis Hamilton...
George Russell has joked that Lewis Hamilton's... Read More »
2h ago from GPFans.com
Red Bull to allow Yuki Tsunoda to trial mystery change in...
Yuki Tsunoda has revealed that Red Bull will... Read More »
4h ago from MotorsportWeek.com
Max Verstappen will retire THIS YEAR says key Red Bull...
Four-time F1 champion Max Verstappen is set to... Read More »
1h ago from GPFans.com
