F1 Team Administrator Accused Of Cherry-Picking Winner

Law360, London (November 10, 2020, 4:09 PM GMT) -- An administrator overseeing the sale of a professional motor-racing team allegedly ignored the highest bid and stacked the bidding process in favor of a consortium preferred by Mercedes, the team's largest creditor, lawyers for a rival bidder told a judge on Tuesday.

A lawyer has accused administrators at the High Court of having a hidden agenda by passing over his client's top bid for the Force India Formula One Team. (Getty) In the first day of a weekslong trial at the High Court in London, Tim Lord QC — counsel for PJSC Uralkali, a Russian company — accused administrators of nursing...

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