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12:40 – The action started by Sergio Perez, who eventually led to the Force India tutelary, was set up to give the team "the best chance of survival ". According to the creditors, a solid plan must finally be put in place, and that's the best way to apply it.
Perez would still have a small four million dollars from the team and brought the ball with his manager Julian Jakobi and the Brockstone Limited affiliated with him. It has received approval from Mercedes, who supplies the engines and gearboxes, and the BWT team sponsor. As stakeholders, the last two parties were asked if they supported Perez's case. As Mercedes and Daimler still have to get around 10.5 million euros, it is no wonder that they support the procedure.
The parties involved put this rigorously step by step to finally have a solid plan and clear solutions. . The creditors see little action and hope to change that in a structural way. Now that the team has been placed under guardianship and that it must deal with directors, the ultimate responsibility no longer rests primarily on Vijay Mallya and Orange India Holdings Sarl. This can facilitate the process.
Administrators want a quick fix for creditors
In other words, the intervention creates a sense of urgency and can speed things up. Directors, Geoff Rowley and James Baker, say that they also feel this urgency and want to find solutions for short-term creditors. Perez and his associates therefore took the initiative of a judicial procedure to offer the team "the greatest chance of survival". Moreover, the moment, just before the summer holidays, is related to that. The team then has a few weeks to act. A request from Motorsport.com for a substantial response from Perez has remained unanswered for the moment.
With the help of Scott Mitchell
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