News Details
Force India creditors already paid by Lawrence Stroll
Businessman Lawrence Stroll has already paid most of the amount which was owed to the creditors of Racing Point Force India F1 Team before it went in to administration. A sum of £90m was paid to the creditors, which enabled Stroll, alongside his associates, to create a new company, and get the revived team back on the grid. This move is different due to the original team still being in administration: the £90m would be held as part of a legal process, which could take months to run its course, after which it would then be used to pay the creditors. It will also mean that Stroll gets his money back. 'It's important to note that the current shareholders have taken all the risks for the...
Full Story »
Full Story »
7y ago from TheCheckeredFlag.co.uk
0
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 creditors almost all ‘paid off'
Force India are almost up to date on the bills after Lawrence Stroll put...
7y ago from PlanetF1.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
Stroll pleased his friendship bridge "hasn't...
Lance Stroll looks more and more likely to switch to Force India next and...
7y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Shoulder injury pushes Marc Marquez into his...
No description available...
19h ago from Motorsport.com
Exclusive: Ai Ogura in, Alex Rins out at Yamaha for...
No description available...
1d ago from Motorsport.com
Guenther Steiner: MotoGP riders ‘need to be of a...
Tech3 KTM CEO Guenther Steiner has continued to share his admiration for...
2d ago from MotorsportWeek.c...
Trackhouse team owner Justin Marks: MotoGP must take...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar representatives visit the Goiânia Raceway and...
No description available...
14h ago from Motorsport.com
Andretti confirmed to field just three cars for Indy...
Andretti Global has confirmed that the team will only run three cars in...
3d ago from MotorsportWeek.c...
AJ Foyt Racing adds Toby Sowery as reserve driver
No description available...
3d ago from Motorsport.com
Toby Sowery joins AJ Foyt Racing in IndyCar reserve...
AJ Foyt Racing has appointed Toby Sowery as the team’s reserve driver...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC Croatia: Driver crashes… then sits down for...
No description available...
6h ago from Motorsport.com
Thierry Neuville crashes out of Croatia lead in final...
A dramatic WRC Rally Croatia kept the biggest shock for the Wolf Power...
16h ago from MotorsportWeek.c...
Devastated Thierry Neuville vows to "come back...
No description available...
13h ago from Motorsport.com
Popular On GunnersToday.com
“It will really be traumatic” - Gary Neville warns...
Manchester United legend Gary Neville has said that Arsenal cannot...
7m ago from SportsKeeda.com
Sources: Arsenal and Chelsea seriously interested in...
Newcastle United’s promising left-back Lewis Hall is attracting interest...
7m ago from CaughtOffside.com
Watch: Manchester City fan brutally troll Arsenal...
Manchester City’s dominant 3-0 victory over Chelsea was more than just a...
8h ago from CaughtOffside.com
'Pitiful surrender-monkeys' - Piers Morgan reacts as...
Former England cricketer Kevin Pietersen couldn't help but celebrate as...
9h ago from SportsKeeda.com
Comments
Hottest News
F1 News Today: Aston Martin star handed dozen penalties,...
A star of the Aston Martin F1 team managed to... Read More »
47m ago from GPFans.com
24 Hours of Nurburgring Qualifiers with Max Verstappen -...
On Saturday, April 18 and Sunday, April 19, 2026,... Read More »
37m ago from RacingNews365.com
Red Bull questioned after Gianpiero Lambiase joins McLaren...
Red Bull confirmed earlier this week that... Read More »
17m ago from RacingNews365.com
