News Details
How close were Force India to closing?
Otmar Szafnauer has revealed that Force India were days away from closing altogether and subsequently surrendering their place in Formula One before Lawrence Stroll, father of Lance Stroll, led a consortium to a takeover to save the team as well as the jobs of its employees. The day before the Hungarian Grand Prix, Force India's financial woes caught up with them and they went into administration. They were on the precipice of collapsing until Stroll came in. “It was pretty close,” Szafnauer said of the potential closure. “I think there were some of the creditors and legal actions to go down the insolvency route instead of the administration route. “The significant...
Full Story »
Full Story »
6y ago from GPFans.com
0
You May Also Be Interested In...
Stroll set for Force India switch at Monza in HUGE...
Lance Stroll could be on for a switch to Racing Point Force India by the...
7y ago from GPBlog.com
Stroll takeover 'not in the best interests' of Force...
Lawrence Stroll's takeover of the Force India Formula 1 team has been...
7y ago from GPFans.com
Silly Season: Stroll to Force India, Kubica to...
This is arguably the craziest Silly Season in Formula 1 history, mounting...
7y ago from GrandPrix247.com
Stroll 'on standby' for Force India switch at Monza
Lance Stroll is "on standby" for a potential switch from...
7y ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
Why Jorge Martin burst into tears at MotoGP Hungarian...
No description available...
17h ago from Motorsport.com
Marc Marquez: ‘My exceptional 2025 MotoGP season...
No description available...
20h ago from Motorsport.com
Yamaha confirms its V4 will race at MotoGP San Marino...
No description available...
3d ago from Motorsport.com
Why Yamaha was disappointing on 2026 MotoGP rider...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar's Alex Palou is not on Red Bull's F1...
No description available...
10h ago from Motorsport.com
Chip Ganassi shuts down Alex Palou and Red Bull F1...
No description available...
2d ago from Motorsport.com
IndyCar partners with iRacing for standalone video...
The NTT IndyCar Series will feature in a new branded video game title,...
2d ago from MotorsportWeek.c...
Winners and losers of IndyCar Snap-On Milwaukee Mile...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Fast WRC Paraguay stages promise “plenty of...
No description available...
11h ago from Motorsport.com
FIA launches tender process for new WRC promoter
No description available...
1w ago from Motorsport.com
Esteban Ocon's wild childhood dream: 'I wanted to buy...
No description available...
2w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal target pushing to join Gunners this summer,...
Bayer Leverkusen defender Piero Hincapie is reportedly pushing to join...
1h ago from SportsKeeda.com
Blockbuster Champions League draw is intriguing but...
s will continue to lap up massive games but perhaps the teams involved...
11h ago from TheGuardian.com
Havertz undergoes knee surgery - but Arsenal hopeful...
Arsenal forward Kai Havertz has undergone surgery for his knee injury.
11h ago from SkySports.com
Champions League draw: Alexander-Arnold primed for...
t;li>Draw also pits De Bruyne against Manchester CityArsenal set for...
12h ago from TheGuardian.com
Comments
Hottest News
Yuki Tsunoda: Red Bull underappreciated car spec difference...
Yuki Tsunoda says Red Bull underappreciated the... Read More »
26m ago from MotorsportWeek.com
F1 News Today: Mercedes and Ferrari in FIA inspection as...
The FIA have announced the outcome of a late... Read More »
1h ago from GPFans.com
Red Bull hand Yuki Tsunoda rare Max Verstappen boost
Yuki Tsunoda finds himself in a rare position in... Read More »
1h ago from RacingNews365.com
