News Details
Force India in court over winding up order?
The financial status at Force India was described as "critical" yesterday by driver Sergio Perez. And now we can see why. The name Force India can be found on the list of UK companies facing winding-up petitions in London. In the paddock at the Hungarian Grand Prix, the term circulating around is 'pre-pack administration'. This means that Force India are arranging the sale of the company to a purchaser before contacting an administrator. Becuase of this, Force India can carry on as usual and will maintain the rights and benefits of the commercial agreements. The court will then decide, and if it is agreed, a creditors meeting will be called to work out what to do with the...
Full Story »
Full Story »
7y ago from GPBlog.com
0
You May Also Be Interested In...
Perez still a believer in Force India despite...
Sergio Perez says Force India's difficult financial situation is holding...
7y ago from F1i.com
Joe Blogs F1: Force India in court as team seeks...
If one looks through the officials lists of UK companies facing winding...
7y ago from MotorsportWeek.com
Perez describes financial situation at Force India as...
Force India driver Sergio Perez has confirmed the teams' financial...
7y ago from GPBlog.com
Force India financial situation 'critical' - Perez
Jul.27 Sergio Perez says the financial situation at Force India has...
7y ago from OneStopStrategy.com
Elsewhere On The Network
Popular On MGPToday.com
VR46 riders left amazed by Valentino Rossi's...
No description available...
14h ago from Motorsport.com
Marc Marquez’s remains cautious as recovery...
No description available...
16h ago from Motorsport.com
Cal Crutchlow gets Misano test as potential Johann...
No description available...
21h ago from Motorsport.com
Pramac MotoGP team announces arrival of Ross Brawn to...
Pramac has announced that former Formula 1 team boss Ross Brawn has...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Barnes: A few thoughts on the schedule surrounding the...
No description available...
7h ago from Motorsport.com
Former F1 racer Takuma Sato on the strategy to win the...
Anything can happen over the course of a 500-mile oval race — and, in...
9h ago from MotorsportWeek.c...
Santino Ferrucci “wish we had the week off” for...
No description available...
12h ago from Motorsport.com
Winners and losers from the 110th running of the...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Hankook reveals plans for new 2027 WRC tyres, plus...
No description available...
20h ago from Motorsport.com
Takamoto Katsuta: “There is no question, it is full...
No description available...
1d ago from Motorsport.com
Toyota “nervous” of Hyundai threat ahead of WRC...
No description available...
1w ago from Motorsport.com
The mental challenge WRC leader Elfyn Evans faces at...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Explained: All you need to know about the Champions...
Sam Blitz gives you everything you need to know about the Champions League...
56m ago from SkySports.com
CL final predictions: Arsenal can go from nearly-men...
Arsenal face Paris Saint-Germain in the Champions League final and by...
13h ago from SkySports.com
Jack Wilshere explains why Arsenal are well placed to...
Former Arsenal star Jack Wilshere explains why Arsenal are well placed to...
14h ago from SportsKeeda.com
Arteta ready to take final step on Arsenal’s 20-year...
decades of disappointment followed Parisian nightmare of Lehmann, Eto’o...
14h ago from TheGuardian.com
Comments
Hottest News
F1 News Today: Toto Wolff wants a ‘lion’ at Mercedes as...
F1 team principal Toto Wolff details how he is... Read More »
26m ago from GPFans.com
Lewis Hamilton agrees with Max Verstappen over 'weird...
After five grands prix under F1's new regulatory... Read More »
1h ago from RacingNews365.com
Max Verstappen voices shock over end to Red Bull cold streak
Max Verstappen grabbed his first podium of the... Read More »
46m ago from RacingNews365.com
