• HMRC had applied to put the F1 team into administration over unpaid bills
Judge dismisses winding-up petitions and rules that Renault ‘have the keys’Insolvency proceedings brought against the Formula One team Lotus have approach to an finish. The announcement at London’s tall court followed the completion of a share purchase agreement and the repayment in full of the debts owed to HM Revenue & Customs and other creditors. Related: F1 snapped up by Channel 4 as BBC exits deal early Continue reading...
Source: theguardian.com