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Tuesday, July 23, 2024

F1: Force India to pay £28.5m to over 450 companies, including one of their drivers, say administrators

independent: Force India collapsed into administration in July because of a lack of funding from owners.

Administrators of the collapsed Force India Formula One team have revealed that they expect to pay all of its creditors in full after its assets were sold to fashion tycoon Lawrence Stroll for £90m.

Despite finishing in a respectable fourth place last year, Force India crashed into administration in July. Its collapse was driven by a lack of funding from its former owners, beleaguered Indian businessmen Subrata Roy and Vijay Mallya who is fighting extradition from Britain to his home country.

More about this can be read here! Read about Force India here!


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