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The Force India team passes into the hands of a consortium of investors

The Force India team passes into the hands of a consortium of investors

Force India, the Indian Formula 1 team based in Silverstone (England), under judicial control since the end of July, will be acquired by a consortium of investors, including Lawrence Stroll, the father of the driver Lance Stroll, according to a released statement.

This consortium signed an agreement on Tuesday with the administrators and leaders of the Indian team, indicates the statement from Citypress, which represents the judicial administrators.

The financial details of the deal were not disclosed.

The agreement should allow Force India to exit the judicial administration process, “pay creditors, secure all 405 positions” in the company and restore its solvency, the statement said.

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Founded by the Indian businessman Vijay Mallya, the Indian team, with financial problems, became judicially administered on July 27. Its two main drivers are the Mexican Sergio Pérez and the French Esteban Ocon.

Lawrence Stroll’s presence among the new Force India owners could open the door to the arrival of Canadian driver Lance Stroll next year. He is currently running for Williams. AFP (Photo: @ForceIndiaF1)

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