"Critical" liquidity tightening at Force India, admits Perez, Formula One News & Top Stories



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BUDAPEST • Mexican Formula One driver Sergio Perez described the financial situation of his Force India team as "critical" on Thursday and acknowledged that his own future was uncertain.

The Silverstone team is fifth in the standings of automakers struggling with funding problems. Co-owner and team leader Vijay Mallya is fighting an attempt by India to extradite Britain to face fraud charges, a group of Indian banks seeking to recover more than $ 1 billion in loans to his late Kingfisher Airlines

Otmar Szafnauer, chief executive officer of Force India, told Reuters last month that the team had suffered a cash shortage during the months of ### He suggested that this diminished

. , telling reporters, "For now, the situation is critical."

There has been speculation that the billionaire father of Canadian pilot Lance Stroll may be ready to invest in Force India, or even take control, with his son and then move on to Williams' team.

Szafnauer said that he was expecting negotiations with Perez and his sponsors would run at the time of the Mexican race later in the year.

But Perez, who was seventh in the championship In 2016 and 2017, behind the drivers Mercedes, Ferrari and Red Bull, he said that he thought the events would force a decision faster.

"I'm lucky to have some options," he said. "I just want to see what is possible for next year, which teams have a vacancy, then decide …

" There is no secret that financial problems have a little delayed the team. When you look at the results, because the Formula 1 is pretty much the results, we are fifth in the constructors' championship and you can not imagine the financial problems we have had so far. "

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