Administration Tag

By Luis Torres, Staff Writer The FIA have approved the mid-season entry of Racing Point Force India Formula 1 Team ahead of this weekend’s Belgian Grand Prix at Spa-Francorchamps. The colors remain the same, however, the change in names also means that Sahara Force India is loses all its constructors points and is prohibited from competing in the Formula 1 World Championship. A rebirth prevented that threat, as the Lawerence Stroll-led and newly branded Racing Point Force India is set to make their Formula 1 debut, bearing the colors pink,Read More

By Luis Torres, Staff Writer The future of Force India has found a positive ending Tuesday, as they’ve agreed to accept a bid from current Williams driver Lance Stroll’s father, Lawrence Stroll, to bring the 10-year-old team out of administration. Force India has been under siege since senior driver Sergio Perez attempted to save the team, and were put under administration since the Friday before the Hungarian Grand Prix. The cause of administration was as a result of parties looking to avoid possible debts. A consortium was made, and LawrenceRead More

By Adam Tate, Associate Editor Mercedes released a statement today confirming the widely held belief that their technical chief Paddy Lowe is leaving the team he helped steer to three consecutive championships. As we first reported one month ago, Lowe is bound for Williams, but contractual and financial negotiations have been complicated by Valtteri Bottas’ talks with Mercedes over Nico Rosberg’s vacated seat, and Felipe Massa’s potential return to the Grove based squad. Such news formally coming to light indicates that some manner of solution has been found at the crowded negotiation tableRead More