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Stroll leads rescue deal for Force India F1 team

ITN News Editor
By ITN News Editor August 8, 2018 15:22

Stroll leads rescue deal for Force India F1 team

The Force India Formula One team will come out of administration after a rescue deal involving a consortium of investors led by Canadian billionaire Lawrence Stroll, administrators and management said in a statement. They said creditors would be paid in full and all 405 jobs at the Silverstone-based team that was co-owned by embattled Indian businessman Vijay Mallya and finished fourth last year, were safe. Stroll is the father of Williams Formula One driver Lance. Apart from Stroll, the investors were named as Canadian entrepreneur Andre Desmarais, Jonathan Dudman, John Idol, telecoms investor John McCaw Jr, Michael de Picciotto and Stroll’s business partner Silas Chou.

ITN News Editor
By ITN News Editor August 8, 2018 15:22

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