Force India confirm Sergio Perez initiated legal proceedings, holding company owed £159m+ outstanding

Force India is in administration now as the financial fiasco that the team had been experiencing for some time and reached its tipping point. Creditors started demanding money with Sergio Perez, BWT and Mercedes leading the way. Force India are…

Vijay Mallya accuses Ecclestone of bulling F1 teams over unfair deals

Vijay Mallya has accused Bernie Ecclesone of ‘bulling’ F1 teams into agreeing to unfair income deals. The overall picture, wherein the top teams earned a lot in bonus payments, wasn’t quite revealed to the bottom placed teams. In an interview…