News Details
Force India's collapse; £28.5m still owed to 450 creditors
A very interesting read over at the Independent regarding the impact the Force India administration effort has had and the scale of the unfortunate situation. The short version is this: Team was taken into administration over past due debt totaling £28.5m to more than 450 companies including parts manufacturers, hotels, delivery firms, caterers and even the race tracks in Abu Dhabi and Italy The team was purchased by Lawrence Stroll and a group of investors for £90m from Indian businessmen Subrata Roy and Vijay Mallya who is fighting extradition from Britain to India At the time, Mercedes was very involved in the process as was driver Sergio Perez with £13.7m and $4m owed respectively...
Full Story »
Full Story »
7y ago from TheParcFerme.com
0
You May Also Be Interested In...
Undercut: Youth or age, you decide…
I'm not sure when it happened, I'm not sure I was aware there was a...
7y ago from TheParcFerme.com
Brown: F1 should run special one-off liveries
David Coulthard (GBR) Red Bull Racing RB1 Formula One World Championship,...
7y ago from TheParcFerme.com
McLaren: Quali change could de-value F1 win
Photo by: www.kymillman.com/f1 F1 may be looking at ways to “spice up...
7y ago from TheParcFerme.com
Bottas takes Pole in Russia
Photo by: www.kymillman.com/f1 With Red Bull, Toro Rosso and Fernando...
7y ago from TheParcFerme.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez shrugs off controversy over pitlane entry...
No description available...
5h ago from Motorsport.com
Marc Marquez wins chaotic Jerez MotoGP Sprint despite...
Marc Marquez crashed but made the right strategy calls to prevail in the...
7h ago from MotorsportWeek.c...
Johann Zarco questions Marc Marquez over Jerez pitlane...
No description available...
6h ago from Motorsport.com
MotoGP Spanish GP: Marc Marquez wins chaotic sprint...
No description available...
7h ago from Motorsport.com
Popular On IndyCarToday.com
Tony Kanaan opens up on Lundgaard, Siegel contract...
No description available...
1d ago from Motorsport.com
Pato O'Ward issues damning verdict on ‘Mario...
Pato O'Ward isn't chasing F1 any more after falling out of love with...
4d ago from MotorsportWeek.c...
Winners and losers from the IndyCar Grand Prix of Long...
No description available...
4d ago from Motorsport.com
IndyCar Officiating confirms Scot Elkins as Managing...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Sebastien Ogier hangs on to Rally Islas Canarias lead...
Sebastien Ogier started Saturday with a relatively handy lead of 8.9...
2h ago from MotorsportWeek.c...
WRC Canary Islands: Ogier leads Solberg by 3.8s...
No description available...
1h ago from Motorsport.com
WRC Canary Islands: Oliver Solberg closes on Sebastien...
No description available...
8h ago from Motorsport.com
Sebastien Ogier goes all out on asphalt attack
Sebastien Ogier and Vincent Landais lead Rally Islas Canarias by 8.6...
1d ago from MotorsportWeek.c...
Popular On GunnersToday.com
'He's paid back everything in one game' | Merse &...
Paul Merson and Jamie Redknapp praise Arsenal's game-winner Eberechi Eze.
1h ago from SkySports.com
“Pretending to be a professional footballer” -...
Arsenal fans are furious with Viktor Gyokeres after the striker's...
1h ago from SportsKeeda.com
Arsenal set to submit offer for versatile 14-G/A...
Julian Brandt will leave Borussia Dortmund at the end of the season, and...
1h ago from CaughtOffside.com
Arsenal go top but suffer injuries in Newcastle win
Arsenal moved three points above Manchester City at the top of the Premier...
2h ago from SkySports.com
Comments
Hottest News
Max Verstappen’s ‘second father’ opens up on Jos...
Former Red Bull advisor Helmut Marko has offered... Read More »
59m ago from GPFans.com
The F1 driver kidnapped and ransomed for $5million
Being the last female driver to compete in F1 is... Read More »
1h ago from GPFans.com
FIA director defends new F1 rules amid mid-season...
FIA single seater director Nikolas Tombazis has... Read More »
2h ago from MotorsportWeek.com
