[ad_1]
The Force India Formula One team returned to the administration, as scheduled, Saturday (AEST) in London following a High Court hearing introduced by a liquidation order.
The deputy director of the Bob Fernley team confirmed the action, telling reporters that "one" administrator was appointed by the court for Force India tonight ".
There was no other immediate comment from the team, which on Friday he hoped to solve his critical cash difficulties with the help of new investments, while being under administration
The senior driver of the team Sergio Perez said Thursday that the situation was "critical".
The Mexican driver should more than $ 4 The second driver of the Esteban Ocon team, under contract until the end of the year 2019, should leave the team to join Renault next year in a transfer that could help
Both drivers and the rest of the team are in Budapest to prepare the Hungarian Grand Prix this weekend.
"We will engage with key stakeholders" At the same time, the team will continue to operate as usual, including races in Hungary this weekend.
] "Our goal is to continue as if nothing had happened while we were evaluating the options to secure the future of the team."
Vijay Mallya, the main shareholder and principal of the team, opposes the extradition of India to India. The collapse of his airline Kingfisher
The banks would sue Mallya for $ 1.5 billion that they claim owe.
"There is no other way to describe what's going on besides a witch hunt." The team's operations director, Otmar Szafnauer, said at the time. 39, a press conference Friday on the Hungaroring circuit that he was optimistic about the solution that was about to be found.
"I think it's imminent. There are discussions in the background and I am not aware of this because it is a question of shareholders … But it will be very soon. Canadian billionaire Lawrence Stroll, father of Williams' young driver, Lance Stroll, was linked to the team an investor in a move that would also see his son move teams.
Source link
