Canadian group led by Stroll paid $117 million for Force India

FILE PHOTO: Formula One F1 - Hungarian Grand Prix - Hungaroring, Budapest, Hungary - July 27, 2018 Force India's Sergio Perez during practice REUTERS/Bernadett Szabo/File Photo

LONDON (Reuters) – Racing Point, a consortium led by Canadian billionaire Lawrence Stroll, paid 90 million pounds ($117 million) to take over Formula One racing team Force India in August, an administrators report shows. The report also revealed the parlous finances of the Vijay Mallya-owned team at the time they were taken into administration last […]

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