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The Force India Indian Force, based in Silverstone, England, in financial difficulties, was placed on Friday in receivership in Great Britain
Geoff Rowley and Jason Baker, partners in the consulting firm specialized in FRP Advisory LLP, have been appointed administrators of Force India Formula One Team Limited on July 27, 2018.
" We will urgently contact the main stakeholders to obtain the best result for creditors "said Rowley, who had already dealt with the reorganization of the British team Manor F1 in 2016.
" Meanwhile, the team (currently fifth at the world championship will continue to operate normally, including running in Hungary this weekend, and our goal is to do as usual as we evaluate options to ensure r of the team "he badured
The financial health of Force India, founded and co-owned by Indian businessman Vijay Mallya, has been difficult since last winter. 19659002] The Mexican driver of the Sergio Pérez team even called it " critic " at a press conference on Thursday. The stable would cost him $ 4 million. Mercedes appears to be worth millions of dollars among other creditors.
Perez was 11th in the 2nd free practice session, just behind his French team-mate Esteban Ocon on Friday at the Hungaroring circuit in Budapest.
In recent weeks, several investors have shown interest in the team, including Lawrence Stroll, the father of Williams' Canadian driver Lance Stroll, and Dmitry Mazepin, father of Russian GP3 driver Nikita Mazepin, also a Force reserve pilot. India
Mallya fights an extradition to India, where he is charged with money laundering and fraud. In May, he stepped down as Director of Force India, leaving his seat on the Board of Directors, while retaining his post of " Main Team ".
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