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 Lawrence
Read More By Joey Barnes, Editor-in-Chief The Manor F1 team will not return to the Formula 1 grid in 2017 after failing to find a buyer upon falling into administration. Just Racing Services Limited, the operating company of the Manor F1 program, ceased trading just five days following Formula 1 going under new ownership. The deadline for a new buyer – despite attracting some interest – has come and gone, which left FRP Advisory no choice but to shut the program down due to “no sustainable operational or financial structure in place
Read More
Connect with Us
To RSS Feed
Followers
Likes