August 7, 2018 / 6:09 PM / 4 months ago

Motor racing-Force India to come out of administration in rescue deal

LONDON, Aug 7 (Reuters) - 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 on Tuesday.

They said creditors would be paid in full and all 405 jobs at the Silverstone-based team were safe.

Stroll is the father of Williams Formula One driver Lance. (Reporting by Alan Baldwin; editing by Ken Ferris )

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