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Force India back in credit after paying off all debts
Force India has almost completely paid off its debts which put the team in administration this July, as investor Lawrence Stroll took personal responsibility to get the Pink Panthers back in credit. Racing Point Force India, as they're now called since the takeover in July, was in a crisis then as they went into administration. The team had a lot of debt and hadn't paid its employees for months. An investment group, led by Lance Stroll's father Lawrence, came in and took over the team, getting it out of administration under the condition that 'Racing Point' would be added to the team's name. It's a rule in the F1 that any team that undergoes a name change is stripped from...
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7y ago from GPBlog.com
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