The consortium includes Andre Desmarais, a Canadian entrepreneur, Jonathan Dudman of Monaco Sports and Management, John Idol of the fashion industry, John McCaw of the telecom industry, Michael de Picciotto a finacial expert, and Silas Chou who is Stroll's business partner.
Frenchman Esteban Ocon and Mexico's Sergio Perez are now the Force India drivers, although the arrival of Lawrence Stroll could open the door for a move from struggling Williams for his son.
Force India COO Otmar Szafnauer worked with the administrators to find new investors and is confident the team's future is bright.
Force India's Sergio Perez said he had commenced administration proceedings against the team. It has consistently outperformed more experienced teams such as McLaren and Williams, and it ranked fourth in the Constructors' Championship the past two seasons.
The future of the Silverstone-based operation had been under threat for several months amid the ongoing personal setbacks encountered by long-term co-owner Vijay Mallya, with several interested parties having lined up to express interest. All creditors will be paid in full, all jobs will be preserved, and the team will have significant funding to invest in its future.
Pony causes a stink as Queen kick starts her summer break
The Queen didn't look impressed when an adorable pony, called Cruachan IV, defecated in front of her at Balmoral Castle yesterday. The castle is open to the public until the end of July and has been prepared for the Queen's arrival over the last week.
Will Monster Hunter World PC Have Cross-Play With Console?
It's also already surpassed any other Japanese game in Steam history, and by extension it's Capcom's biggest PC title, too. Maybe once the PC version catches up to the PS4 and Xbox One versions in patches we can have this discussion again.
Under the terms of the takeover agreement, which was signed on Tuesday, the new investors will ensure that all creditors will be paid in full and that all 405 jobs with Force India are secured.
"I also would like to thank Vijay [Mallya], the Sahara Group and the Mol family for all of their support and taking the team as far as their circumstances would allow". Lawrence Stroll wants his son in a vehicle more competitive than the Williams FW41, and the announcement of a transfer to Force India for 2019 is anticipated.
Joint administrator Geoff Rowley said that the consortium will provide funding to support the team immediately with "significantly more" to follow once the company emerges from administration, which is expected to be within the next two to three weeks.
Briton George Russell, the current F2 series leader with four race wins, has tested for Force India this season and could join full time in 2019. Stroll junior made his debut with Williams previous year and has been supported in F1 by funding secured by his father.
"As a result of a serious process, we finally received a very strong offer to save the company and restore solvency", he said.
"You so famously and so powerfully said, 'George Bush doesn't care about black people , '" Kimmel said. "And then told me every time I said I liked Trump that I couldn't say it out loud or my career would be over".
Phil Thompson believes Manchester City are favourites to win the Premier League title ahead of Liverpool FC this season. I was told that during pre-season it looked like I was saying something absolutely out of order, something insane .
As soon as the collection was launched by the star, many items from the limited edition were sold out instantly. The second photo reads " my heart " and sees Kylie and Stormi both seated up and looking right into the camera.
During a partial solar eclipse, there is no totality because the moon will only cover a portion of the sun, according to NASA. Due to the limited range of influence, the partial solar eclipse will not be live streamed by an agency or observatory.
Everton trebled their tally of summer signings from Barcelona on a productive deadline day for new manager Marco Silva. I know about Everton's players and I look forward to being able to play with my new team.
As a result, Russian analysts say that fresh sanctions are unlikely to weaken Putin, at least in the short term. The shares of Russian state-controlled banks, the national carrier Aeroflot and other companies also tanked.
In the full-length letter, Apple has explained in detail its location services and has answered all the 16 questions. Apple has responded to Congress' inquiry regarding data security and privacy practices.
Ankara is turning towards China to overcome what Erdogan said were "subjective evaluations" from ratings agencies. Last week, Mr Erdogan urged Turks to exchange gold and other currency for lira in a effort to boost its value.
The AUD/USD still looks like a good pair to sell on rallies, with the fundamentals remaining bearish for the Aussie currency. Yesterday, the prime minister said, "now, we are the land of droughts", an indication of the current problem.
New Jersey health officials report that the state has seen its first case of West Nile virus in a human this year. August and September are traditionally the peak times for virus transmission of the mosquitoborne virus.
Giles said the spotlight on the animals, while itself frightful news, has already led to skyrocketing worry about their plight. The pod's pregnancies haven't produced a viable offspring over the past three years, said the research centre.
'Worst drought in living memory': Australia's big dry
Southern Australia has experienced near-record levels of dry weather; rainfall has been 57mm below average for the time of year. Others have had to bulldoze orchards or lose their farms, leaving entire families without income, according to Australian media.
Cardiff City make move for Bournemouth's Harry Arter
Cardiff City have expressed an interest in landing AFC Bournemouth midfielder Harry Arter , according to reports. The 28-year-old Republic of Ireland worldwide last played a Premier League game for the Cherries on January 1.
NASAs planet-hunting probe catches comet in action
As Space.com explains , these brightening and dimming behavior is caused by stellar mechanics, not by planets orbiting the star. This ability is critical in the search for alien planets , which is the primary goal of NASA's advanced satellite.
Patriots to adjust Brady's contract with added incentives
The adjustments are similar to what the Patriots did past year with tight end Rob Gronkowski's deal, the source told Schefter. Even with his salary likely to sit at roughly $20 million, Brady will be a bargain among quarterbacks of his calibre.
Discord Goes Up Against Steam With New Game Store
Discord today announced that the company has started beta testing a new digital game store with 50,000 of its Canadian users. Nitro subscribers will get access to games such as Saints Row: The Third and Metro: Last Light Redux , among others.
Man Utd open Chelsea talks for Zouma
It might be hard for him to get regular playing time at Chelsea this season, so sending him out on loan makes sense. Zouma arrived at Chelsea in 2014, with a lot of excitement around his talent.
Holidaymakers evacuated as floods hit southern France
Ten people were taken to hospital suffering from hypothermia and minor injuries, said regional police spokesman Jerome Tallaron. Heavy floods have forced the evacuation of 1600 people - a lot of them campers - in southern France, officials say.
Manchester United wanted to pay £100m plus for Rafael Varane
Manchester United host Leicester City on Friday night in the Premier League's curtain raising clash of the 2018/19 clash. Tottenham Hotspur manager Mauricio Pochettino has shed some light on defender Toby Alderweireld's future in north London.