News Details
Force India to lose prize money?
While Renault, McLaren and Williams appear set to disrupt the sale of the Force India sale for their own reasons, in the minefield that are the Team Agreements, there is another element that could cost the Silverstone-based outfit dearly. The float prospectus talking about the team agreement states that: 'A team's rights and obligations under its Team Agreement terminate if it: (a) ceases to be a constructor, fails to participate in more than three Events in a season or fails to submit a valid entry form for participation in the World Championship, or (b) is insolvent.' Should it be the case that Force India is actually insolvent, in that it cannot currently pay its bills, under the terms...
Full Story »
Full Story »
7y ago from Pitpass.com
0
You May Also Be Interested In...
Wolff looks ahead to Force India buyer
Toto Wolff says he is watching the situation at Force India very closely....
7y ago from ThisIsF1.com
Trio of teams thwarting Force India takeover –...
McLaren, Renault and Williams could reportedly thwart the proposed Force...
7y ago from PlanetF1.com
Trio of teams thwarting Force India deal – report
McLaren, Renault and Williams could reportedly thwart the proposed Force...
7y ago from PlanetF1.com
McLaren, Williams and Renault thwarting Force India...
Three teams reportedly look set to make the sale and rescue of Force India...
7y ago from ThisIsF1.com
Elsewhere On The Network
Popular On MGPToday.com
Why Dani Pedrosa won't replace Maverick Vinales at Le...
No description available...
6h ago from Motorsport.com
Toprak Razgatlioglu: Yamaha struggles make me think...
No description available...
10h ago from Motorsport.com
Andrea Iannone returns to MotoGP paddock in...
No description available...
9h ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar expands Push to Pass availability
The NTT IndyCar Series has announced a change to the series’ Push to...
7h ago from MotorsportWeek.c...
IndyCar officiating board helps shape Push to Pass...
IndyCar’s new Independent Officiating Board has made one of its first...
6h ago from MotorsportWeek.c...
FOX unveils plan for 60 hours of Indy 500 coverage
No description available...
1d ago from Motorsport.com
Motorsport legend Alex Zanardi dies aged 59
Ex-F1 and CART driver Alex Zanardi has passed away aged 59. His family...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
How Ott Tanak can help Toyota's WRC 2027 car...
No description available...
9h ago from Motorsport.com
Why Hyundai’s WRC season “really starts” at...
No description available...
1d ago from Motorsport.com
M-Sport weighs up WRC new car build as all options...
No description available...
6d ago from Motorsport.com
Toyota steps up WRC 2027 car testing with new look...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Alan Shearer reveals the one Arsenal tweak behind...
Viktor Gyokeres’ overall play as Arsenal’s focal point, both on and...
20m ago from CaughtOffside.com
Saka downs Atletico to send Arsenal into Champions...
Arsenal reached the Champions League final for the first time in 20 years...
30m ago from SkySports.com
Watch: Bukayo with a massive goal right at the end of...
Bukayo Saka has give Arsenal a massive lead over Athletico Madrid, right...
1h ago from CaughtOffside.com
Liverpool eye explosive 19-year-old Arsenal target to...
Liverpool and Arsenal are interested in signing the Bournemouth attacker...
2h ago from CaughtOffside.com
Comments
Hottest News
Adrian Newey builds rocket ship faster than any F1 car, but...
Adrian Newey's F1 genius has contributed to a... Read More »
2h ago from GPFans.com
Lewis Hamilton plays the 'shrimp', Aston Martin in 'a deep...
Last weekend's Miami Grand Prix saw Kimi... Read More »
40m ago from GPFans.com
F1 News Today: Christian Horner return welcomed as Newey...
Christian Horner has been given an open... Read More »
1h ago from GPFans.com
