News Details
Perez and creditors drive Force India into administration!
Force India deputy team principal Bob Fernley has confirmed that the F1 outfit has been put into administration following a court hearing in London on Friday. On Wednesday, the Silverstone-based team was named on a winding-up list of companies by the Companies Court. The originator of the petition was unknown, but according to Reuters the action was initiated by Force India's Sergio Perez, who is apparently owed more than $4 million by the team, a sum linked to the Mexican driver's sponsorship deals. However, additional creditors include Mercedes, which is owed some $15 million in unpaid engine fees, and the team's title sponsor BWT. "An administrator was appointed by the court for...
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