News Details
Force India racing on amid administration
Jul.29 Force India is racing ahead in Hungary, even though it has been placed into financial administration. The news from a London court arrived in Hungary that action taken by Sergio Perez, Mercedes and sponsor BWT had meant the F1 team is now being run by FRP Advisory. "The team will continue to operate as normal, including racing in Hungary this weekend," joint administrator Geoff Rowley said in a statement. Force India owes millions to creditors, including a reported $4 million to Mexican driver Perez. Team owner Vijay Mallya is furious. "They've driven us to bankruptcy," the former Indian billionaire said. But Perez defended his actions, saying he and manager...
Full Story »
Full Story »
7y ago from OneStopStrategy.com
0
You May Also Be Interested In...
Perez petition leaves Force India in administration -...
The Force India Formula 1 team has been placed into administration, but...
7y ago from GPFans.com
Perez explains Force India's financial position
Sergio Perez Sergio Perez has issued statement clarifying his involvement...
7y ago from SpeedCafe.com
Administrators working 'urgently' for best Force India...
Administrators placed in charge of Force India have insisted it is...
7y ago from MotorsportWeek.com
Sahara Force India F1 Team Forced Into Administration...
Sahara Force India Formula One Team were put into administration...
7y ago from TheCheckeredFlag....
Elsewhere On The Network
Popular On MGPToday.com
Victoria Government rejects MotoGP requests to move...
The Victoria State Government has rejected a request from MotoGP to move...
47m ago from MotorsportWeek.c...
Australian government rejects MotoGP proposal to race...
No description available...
4h ago from Motorsport.com
Dorna Sports unveils rebrand as part of MotoGP...
Dorna Sports has announced it will be officially known as MotoGP Sports...
4h ago from MotorsportWeek.c...
Carlos Ezpeleta: 'We are in hurry to lay foundations...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Understanding IndyCar's new deal with Chevrolet and...
No description available...
19h ago from Motorsport.com
Honda confirms early discussions for 2028 factory...
Honda, one of two engine manufacturers that supply IndyCar, has confirmed...
4d ago from MotorsportWeek.c...
Romain Grosjean returns to IndyCar with full time seat...
Dale Coyne Racing has made public its plans for the 2026 IndyCar season,...
3d ago from MotorsportWeek.c...
Romain Grosjean returns to IndyCar, signs with Dale...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Hyundai “realistic and optimistic” in mission to...
No description available...
1d ago from Motorsport.com
Oliver Solberg “didn’t deserve more than P4”...
No description available...
1d ago from Motorsport.com
Elfyn Evans wins Swedish showdown
Elfyn Evans and Scott Martin clinched victory on Rally Sweden which ended...
2d ago from MotorsportWeek.c...
WRC Sweden: Elfyn Evans storms to victory as Toyota...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Jamie Carragher highlights key Arsenal problem that...
Liverpool legend Jamie Carragher has claimed that Arsenal might not win...
47m ago from SportsKeeda.com
Mikel Arteta provides fitness update on 4 key Arsenal...
Arsenal boss Mikel Arteta has provided an injury update on the likes of...
27m ago from SportsKeeda.com
“They should stay silent” - Wayne Rooney slams...
Manchester United legend Wayne Rooney believes comments from Arsenal...
5h ago from SportsKeeda.com
FA Cup draw : Welcome to Saka Central
Morning everyone. Let's start with the draw for the 5th round of the FA...
7h ago from Arseblog.com
Comments
Hottest News
Red Bull chief designer Craig Skinner leaves Milton Keynes...
Craig Skinner, Red Bull’s long-serving chief... Read More »
2h ago from F1i.com
Ex-F1 star reveals Adrian Newey insight, hints of Aston...
Former F1 driver Juan Pablo Montoya has revealed... Read More »
4h ago from MotorsportWeek.com
Wet tyres, dry desert – Pirelli’s strangest F1 test yet...
In a sport obsessed with marginal gains and... Read More »
37m ago from F1i.com
