News Details

Force India to complete Hungarian GP despite going into administration

Force India will compete in the remainder of the Hungarian Grand Prix weekend after being placed into administration on Friday. In a note addressed to "friends", and seen by BBC Sport, team co-owner Vijay Mallya said court action was instigated by Force India driver Sergio Perez. Mallya said the team's operating company was the largest creditor, with debts owing of more than £159m. He said he would work to secure the team's future with the administrator. This could mean selling the team to new owners. There are said to be at least three potential buyers considering a purchase of the Silverstone-based outfit. 'Even Hamilton would not improve Williams' Chequered Flag podcast:...
Full Story »
6y ago from BBC.co.uk 0
Share

You May Also Be Interested In...

Force India go into administration

Force India will continue to race at this weekend's Hungarian GP despite...
6y ago from SkySports.com

Sahara Force India F1 Team Forced Into Administration...

Sahara Force India Formula One Team were put into administration...

Reports: Force India enter administration

Hungarian Grand Prix – A sponsor of Force India has confirmed that...
6y ago from FormulaSpy.com

Perez petition leaves Force India in administration -...

The Force India Formula 1 team has been placed into administration, but...
6y ago from GPFans.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Santino Ferrucci issued post-race penalty but keeps...

The NTT IndyCar Series has issued a penalty to the #14 entry of Santino...

Louis Foster reveals likely cause of scary 180MPH...

On lap 84 of Sunday’s Detroit Grand Prix, Louis Foster was involved in...

Detroit GP expected to remain downtown amid potential...

Following the conclusion of the Detroit Grand Prix, organizers have...

Popular On TotalWRC.com

Redemption for Ogier

One year on from losing victory on the final stage of Rally Italia...
19h ago from MotorsportWeek.c...

Popular On GunnersToday.com

Report: Arsenal hold talks over potential 100m signing...

Arsenal have reportedly held talks over a potential transfer move for West...
2h ago from CaughtOffside.com

Sources: Manchester United among four PL clubs chasing...

Manchester United are among four Premier League clubs eyeing up a...
1h ago from CaughtOffside.com

Real Madrid make late move to hijack Arsenal transfer;...

Real Madrid have reportedly joined Arsenal in the race to sign Spanish...
2h ago from SportsKeeda.com

Sources: Personal terms agreed, Arsenal want potential...

Arsenal are continuing to work on the transfer of RB Leipzig striker...
4h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.