The Force India F1 team are to be rescued from administration by a group of investors led by Lawrence Stroll.
Stroll is the father of Williams driver Lance.
Force India entered administration two weeks ago ahead of the Hungarian Grand Prix amid severe financial problems.
But after the Stroll-led consortium - backed by Force India's 'senior management' - agreed a deal with the team's administrators, the team will continue to race when the F1 season resumes at the end of the month at the Belgian GP, with all 405 jobs saved at the Silverstone-based team.
All of the team's creditors will also be paid in full, with 'ongoing funding guaranteed'.
http://www.skysports.com/f1/news/12...nistration-by-lawrence-stroll-led-new-backers