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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...
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