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Budapest: The Vijay Mallya Force India Formula One team was set up after a hearing in London on Friday, said Deputy Director Bob Fernley
"A director was appointed by the court for Force India F1 Tonight he confirmed to Reuters
Force India pilot Sergio Perez drives his car at the first test session of the Hungarian Grand Prix AP
Otmar Szafnauer, chief operating officer of the team, told the press that the team may have to enter a form of administration before being able to build a stronger financial base
.The Hungarian Grand Prix on Sunday, the last race before the break of August
A source close to the case said re Reuters that the action had been triggered by the Mexican driver Sergio Perez, which owed more than $ 4 million Part of the sponsorship deals was made to the team based in Grande Britain
The Mercedes engine supplier was to pay $ 15.15 million, the same source added, with the main sponsor BWT also involved
.
The Companies Court named Force India on a list of companies in liquidation, published on the website of justice.gov.uk, scheduled for hearings in the London High Court on Wednesday, July 25.
"Within a week or at most two, our financial future will become clearer and I believe it much safer," Szafnauer said Friday.
The website motorsportweek.com suggested a deal "pre-pack". could have been aligned, with a sale of the company and assets traded before the appointment of directors and the change of ownership shortly thereafter.
Sources close to the team indicated that it was far from being the case. five interested parties
Probably competitors
Lawrence Stroll, the billionaire father of Canadian driver Lance, is ready to invest in Force India as part of an initiative in favor of F1 . Stroll has not commented on the reports
Another likely contender is Russian billionaire fertilizer Dmitry Mazepin, whose son Nikita is participating in the GP3 support series and is a developmental player.
Szafnauer said earlier that he did not know what would be the result, but the recognized administration could be one of two ways out and "whatever the route, I think that the team will be fine.Perez had described the situation as "critical" on Thursday, also recognizing that his own future remained uncertain.
Szafnauer used similar language Friday.
"We are right in this situation . critical period, which could last a week or two. We have to keep our heads down, do our best here, take advantage of our break, after the test, and then come back fight afterwards, "he said.
Force India's problems are well documented, with co-owner and senior Mallya fighting an attempt by India to extradite Britain to face charges of fraud he denies.
A group of Indian banks seeks to recover more than $ 1 billion in loans to its late Kingfisher Airlines. ] Mallya denounced a "political witch hunt" and said he was looking to sell assets worth about $ 2.03 billion to pay off the creditors.
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