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Lawrence Stroll-led consortium saves Force India
The Force India team has been saved by a consortium led by billionaire Lawrence Stroll, the father of F1 driver Lance. Force India's future was thrown into doubt last month when the team was placed into administration due to debts owed. The team's financial troubles have been widely reported over the past few years with several parties linked to a buy-out, however, that never came to fruition. That, though, finally took place on Tuesday evening. The consortium, led by Stroll and supported by Force India's ‘senior management', agreed a deal with the joint administrators, appointed by FRP Advisory. The deal has saved the 405 jobs in the F1 team and will ensure that all the team's...
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7y ago from PlanetF1.com
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