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His Deputy Director Bob Fernley is confident that the process will lead to a positive outcome that will allow new investors to reach an agreement and the stable to get back on track by opening a new chapter.
The directors appointed Friday night by the British courts are now responsible for running the team and in particular to guarantee certain foundations such as the payment of wages in the short term. This is also what allows Force India to continue its activities normally, especially in Hungary this weekend.
In the ranks of the team, we see this placement under administration as a good thing because it will allow to carefully evaluate the buy-back offers and, theoretically, select the most interesting and the most viable. The final decision is no longer made by shareholder Vijay Mallya but by directors Geoff Rowley and his company FRP
On Saturday morning, the director of operations Otmar Szfnauer spoke to the members of the team to explain to them the situation. He was joined by Formula 1 CEO Chase Carey, who expressed his desire to see the team still be on the grid next year.
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Remained in Great Britain Britain to attend the Friday evening hearing at the High Court of Justice in London, Deputy Director Bob Fernley is optimistic for the future events.
"The first thing to say is that the current shareholders have done everything in their power to try to stabilize the company and find investments, to move forward and take the team where they wanted it to be " Bob Fernley with Motorsport.com . "Unfortunately, it did not work."
"The company is now under administration, and the administrator will look for potential buyers. able to meet the team's ambitions, which is to go from where it is today, namely a team that has podium opportunities, to the regular podium. "
"What's going to happen is that the interested buyers will come forward to FRP, and FRP will evaluate the records of each of them." From there, I'm sure there will be a process that will involve Mercedes and F1 to determine who is the most appropriate acquirer for Force India. "The decision now belongs to FRP, but I think there are a number of quality investor groups that want to come and bring this team to the next level, what it deserves. "
probably huge potential
Bob Fernley bluntly admits that Force India needs investments to at least maintain its current level, and if possible do better. In recent months, the lack of fresh money has been sorely felt, primarily in the slow development of the car designed at Silverstone. The greatest strength of the structure to convince an acquirer remains its potential.
"It's an incredibly strong team, with great staff, and who has accomplished tremendous things, I can not believe that she can not go on doing great things " insists Bob Fernley. "I think the team is in a fantastic position and has the support of key partners, Mercedes and BWT, which is absolutely essential and has the support of F1 Group to help it through this process. They can not do anything, but it's important to have that, and I think with FRP and Geoff Rowley at the helm, who have a huge F1 experience, no matter how unfortunate the circumstances, the team could not be in a better position to go to the next step. "
As has been said and repeated since the placement under Force India, in the very short term nothing will change and the team can to continue its activities as it did before
"As long as we evolve with the entity that is ours today, we are not in cessation of activity" recalls Bob Fernley. "We continue our normal operations, F1 is obligated to pay us the premiums, and that will continue normally."
"We must be grateful for what Vijay [Mallya] In ten years, he took the team to this level of competitiveness, after having started in a very bad position, it is just unfortunate that circumstances do not allow him to continue. "
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