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"An administrator has been appointed by the court for Force India F1 tonight," he told Reuters.
Otmar Szafnauer, director of the team's operations, told reporters that
Force India is currently in Budapest and will continue to prepare for Sunday's Hungarian Grand Prix, the last race before the August break.
A source close to the case told Reuters that the action had been triggered by Mexican pilot Sergio Perez, who owed more than $ 4 million under sponsorship contracts with the company. 39, British team.
Mercedes owed 13 million euros ($ 15.15 million), adds the same source, with the main sponsor BWT also involved.
There was no immediate comment from the team on the details of the case.
The Companies Court appointed Force India on a Companies Liquidation List, published on the website of justice.gov.uk http://www.justice.gov.uk, scheduled for hearings before the High Court of London on Wednesday, July 25th.
"Within a week or two, our" The future will become clearer and I believe much safer, "said Szafnauer on Friday.
The website motorsportweek.com suggested that" the future will become clearer and I believe much safer, "said Szafnauer on Friday. a "pre-packaging" agreement could have been aligned, with a sale of the company and negotiated badets, before the appointment of the directors and the change of ownership soon after.
Sources close to the Team said it was far from the case but suggested that there were up to five interested parties
PROBABLE COUNTER-INDUSORS
Speculation in Formula One Lawrence Stroll, the billionaire father of Canadian driver Lance, is ready to invest in Force India as part of a move for his son of Williams.
Stroll has not commented the reports.the competitor is the Russian fertilizer Bi llionaire Dmitry Mazepin, whose son Niki you participate in the GP3 support series and is a development pilot for Force India.
Szafnauer said that he did not know what would be the result, but the administration could be one of two possible solutions. Whatever the route, I think the team will be fine. Perez described the situation as "critical" on Thursday, also acknowledging that his own future was uncertain.
Szafnauer used a similar language on Friday.
"We are just in this critical situation, which could last a week or two, we have to keep our heads down, do our best here, go and enjoy our break, after the test, and then come back fight by "
Force India's problems are well-documented, with co-owner and the main Mallya fighting an attempt by India to extradite Britain to do so," he said. Facing accusations of fraud, which he denies
A group of Indian banks seeks to recover more than $ 1 billion in loans granted to his late Kingfisher Airlines Mallya denounced a "political witch hunt" and stated that he was seeking to sell about 139 billion rupees ($ 2.03 billion) to repay the creditors.
($ 1 = 68.58 Indian rupees)
($ 1 = 0 , 8579 euros)
(Report by Alan Baldwin, edited by Christi an Radnedge and Ken Ferris)
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