News Details

Force India creditors almost all ‘paid off'

Force India are almost up to date on the bills after Lawrence Stroll put in extra money to ensure that all creditors are paid off immediately, not in a year or two. In August Stroll led a consortium that bought the Force India team after it has been put in administration. Already there have been signs of progress out on track with updates arriving, however, there has also been a lot going on behind the scenes. One of those has been ensuring that all creditors, who were reportedly owed £90m, have been, or will soon be, paid off. 'It's important to note that the current shareholders have taken all the risk for the creditors, and have put it in extra money such that the creditors can be...
Full Story »
7y ago from PlanetF1.com 0
Share

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

Force India back in credit after paying off all debts

Force India has almost completely paid off its debts which put the team...
7y ago from GPBlog.com

George Russell joins Williams F1 on multi-year deal

Mercedes-backed Formula 2 title leader George Russell is to graduate to...
7y ago from MotorsportWeek.com

Latifi confirmed for three more Force India practice...

Force India have confirmed that their test driver Nicholas Latifi will be...
7y ago from GPBlog.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Popular On TotalWRC.com

Popular On GunnersToday.com

Arsenal make first move for 17-goal star but Tottenham...

German striker Nicolo Tresoldi is a target for Arsenal and Tottenham ahead...
2h ago from CaughtOffside.com

Arsenal could leapfrog Man United for Elliot Anderson...

Manchester United’s top summer transfer target, Elliot Anderson, has...
2h ago from CaughtOffside.com

Man United eye perfect Casemiro replacement with move...

Leon Goretzka has been heavily linked with a move away from Bayern Munich...
7h ago from CaughtOffside.com

Arsenal forward’s availability for Champions League...

Arsenal star Noni Madueke's availability is in doubt for the UEFA...
9h ago from SportsKeeda.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.