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Force India saved by Stroll-backed consortium
The Sahara Force India F1 Team have been saved from administration following a consortium led by businessman Lawrence Stroll. The Silverstone-based team was forced into administration on the Friday prior to the Hungarian Grand Prix as a means of protecting their employees over mounting debts. It was announced on Tuesday, 7 August that a consortium, led by Stroll had been created with the assistance of Chief Operations Officer, Otmar Szafnauer, and members of the team's senior management. Stroll is investing in the team alongside Canadian entrepreneur Andre Desmarais, Jonathan Dudman, of Monaco Sports and Management, as well as the fashion business leader John Idol, financial expect Michael...
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5y ago from TheCheckeredFlag.co.uk
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