The Force India Formula One team has been rescued from administration by a consortium of investors led by Lawrence Stroll, the father of Williams driver Lance Stroll.
The news emerged on Tuesday evening after administrators weighed up a series of offers for the business. The team had faced the threat of a winding up order ahead of the Hungarian Grand Prix after its driver Sergio Perez brought legal action against it over his unpaid salary. That led to the team entering administration on July 27 in the hope of finding new owners who could service the team's debts.