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BREAKING: Force India placed into administration!
Force India has been placed into administration over debts apparently owed to Sergio Perez. The Mexican brought forward the action over a £3 million total owed to him by the team. Following a court hearing in London during the Hungarian Grand Prix weekend, the team were officially placed into administration having admitted that they were struggling with debts and looking for a new owner to buy the team out. “An administrator was appointed by the court for Force India F1 this evening,” deputy principal Bob Fernley told Reuters. In a message sent to colleagues, Vijay Mallya said that the action was brought forward by driver Perez. The application was also supported by...
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7y ago from GPBlog.com
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