News Details

Szafnauer feared Force India wouldn't make it

Force India chief operating officer Otmar Szafnauer admits there was moments he feared Force India would ceased to exit like former teams Caterham and Manor. There was great news for Force India this week as the team was saved from administration by a consortium led by Lawrence Stroll. The Canadian billionaire, father of Williams driver Lance Stroll, agreed a deal with the joint administrators that will all 405 jobs saved as well as all existing creditors paid in full. While the finer details still need to be worked out, 'funding to support the team will be made available' immediately with 'significantly more' available when the team exits administration. Szafnauer breathed a sigh of...
Full Story »
7y ago from PlanetF1.com 0
Share

You May Also Be Interested In...

Szafnauer Admits Relief at Seeing Force India Exit...

The chief operating officer of the Sahara Force India F1 Team, Otmar...

Force India Updates Depends on Investment from New...

Otmar Szafnauer says his Sahara Force India F1 Team will need investment...

Lawrence Stroll-led consortium of investors rescues...

The Force India Formula 1 team is to exit administration in the coming...
7y ago from MotorsportWeek.com

Williams and Mercedes in discussion over closer ties

Williams and Mercedes are discussing the opportunity to work more closely...
7y ago from MotorsportWeek.com

Elsewhere On The Network

Popular On MGPToday.com

Fabio Di Giannantonio fastest in first Jerez MotoGP...

VR46 Ducati rider Fabio Di Giannantonio recorded the fastest time in the...
18m ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Pato O'Ward issues damning verdict on ‘Mario...

Pato O'Ward isn't chasing F1 any more after falling out of love with...

IndyCar names officiating director ahead of Indy 500

IndyCar Officiating has announced Scot Elkins as the new Managing...

Popular On TotalWRC.com

Popular On GunnersToday.com

Boost for Arsenal as injured Newcastle United duo out...

Arsenal reportedly look to have been handed a boost as Newcastle United...
48m ago from CaughtOffside.com

“Important not to change the habit” - Patrick...

Former Arsenal captain Patrick Vieira has advised the team on how they can...
2h ago from SportsKeeda.com

Man City in pole position to sign Arsenal target as...

Manchester City are reportedly now in pole position to sign Nottingham...
3h ago from CaughtOffside.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.