FILE PHOTO: Formula One F1 - Monaco Grand Prix - Circuit de Monaco, Monte-Carlo - May 23, 2018 The front of a Sahara Force India race car is pictured in the pit-lane. REUTERS/Benoit Tessier/File Photo
LONDON (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, that was co-owned by embattled Indian businessman Vijay Mallya and finished fourth last year, were safe.
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