News Details
Force India back in credit after paying off all debts
Force India has almost completely paid off its debts which put the team in administration this July, as investor Lawrence Stroll took personal responsibility to get the Pink Panthers back in credit. Racing Point Force India, as they're now called since the takeover in July, was in a crisis then as they went into administration. The team had a lot of debt and hadn't paid its employees for months. An investment group, led by Lance Stroll's father Lawrence, came in and took over the team, getting it out of administration under the condition that 'Racing Point' would be added to the team's name. It's a rule in the F1 that any team that undergoes a name change is stripped from...
Full Story »
Full Story »
7y ago from GPBlog.com
0
You May Also Be Interested In...
Lawrence Stroll: I’m a guy like any other guy
Lawrence Stroll has spent a fortune on his son's racing career, most...
7y ago from GrandPrix247.com
Stroll pleased his friendship bridge "hasn't...
Lance Stroll looks more and more likely to switch to Force India next and...
7y ago from GPBlog.com
Perez: Force India F1 ‘stuck on standby’ before...
Sergio Perez says it felt like Force India was “stuck on standby”...
7y ago from Crash.net
Ocon and Stroll still friends despite impending Force...
Lance Stroll says he is relieved that the "bridge hasn't burned"...
7y ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
Max Biaggi: Aprilia 'not scared by any track' after...
No description available...
10h ago from Motorsport.com
The MotoGP changes Liberty Media should make,...
No description available...
1d ago from Motorsport.com
Fabio Quartararo reveals MotoGP moment that felt...
No description available...
2d ago from Motorsport.com
Fermin Aldeguer suffers fracture in MotoGP training...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
Ranking IndyCar’s rising stars to watch in 2026
No description available...
1d ago from Motorsport.com
Alex Palou delivers takedown of McLaren F1 drivers...
IndyCar champion Alex Palou has delivered a takedown of both McLaren...
3d ago from MotorsportWeek.c...
Will Power turns first IndyCar laps with Andretti at...
IndyCar veteran Will Power completed his first test laps with his new...
3d ago from MotorsportWeek.c...
Power completes “very good” first outing with...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Could time bonuses solve the “yo-yo effect” at the...
No description available...
7h ago from Motorsport.com
Dakar 2026, Stage 7: Mattias Ekstrom wins stage after...
No description available...
9h ago from Motorsport.com
Tyre Lottery at the 2026 Dakar Rally: What’s going...
No description available...
1d ago from Motorsport.com
Why M-Sport has faith in youth over experience WRC...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Papers: Arsenal and Man City to battle for Livramento...
The top stories and transfer rumours from Saturday's newspapers...
2h ago from SkySports.com
Papers: Arsenal join the race to sign Guehi
The top stories and transfer rumours from Friday's newspapers...
2h ago from SkySports.com
Player ratings: Portsmouth 1-4 Arsenal
Arsenal progressed to the fourth round of the FA Cup with a 4-1 victory at...
2h ago from FreshArsenal.com
Szoboszlai: Arsenal aren't champions yet, you don't...
It is still too early to crown Arsenal Premier League champions, says...
2h ago from SkySports.com
Comments
Hottest News
'We'll get other drivers' - Ford's defiant Max Verstappen...
Ford Racing global director Mark Rushbrook has... Read More »
1h ago from GPFans.com
Aston Martin bends knee to Adrian Newey F1 demand
Aston Martin has hired ex-Red Bull simulation... Read More »
4h ago from MotorsportWeek.com
Charles Leclerc's family grows after pregnancy announcement
The family of Ferrari F1 star Charles Leclerc is... Read More »
41m ago from GPFans.com
