Force India's chief operating officer Otmar Szafnauer says much needed investment in the team is "imminent" as it took a step closer to being sold this week.
The Silverstone-based team is owned by Indian businessman Vijay Mallya, who is fighting extradition to face the Indian state over the collapse of his Kingfisher airline, which owes the government hundreds of millions dollars.
It's likely Mallya will be extradited despite repeated appeals and with the vast majority of his assets already seized, it's beginning to impact the day-to-day running of the Formula 1 team.
Documents reveal that on Wednesday, Force India Formula 1 Team Ltd, faced a winding up order which means administrators could take control of the team over unpaid debts.
According to renowned F1 journalist Joe Saward, the team is seeking a "pre-pack administration", which would see it continue to operate whilst a buyer is found, without the threat of administrators stripping the business to cover its debts.
This would allow a buyer to take control of the team in its current form whilst also guaranteeing debts will be paid. With several buyers reportedly interested, a sale could take place in a matter of weeks.
On Friday Szafnauer hinted that this was the case, saying much-needed investment was "imminent" and that he was hopeful the team would "get back to operating in the normal manner" within a week or two.
"I think it’s imminent," he said when asked about investment. "I know there’s discussions going on in the background. I’m not privy to those because it’s a shareholder issue and I’m not a shareholder, otherwise I would know more. But it will be very soon.
"We are just in this critical period, which might last a week or two, we have to keep our heads down, do the best we can here, go enjoy, after the test, enjoy our break and then come back fighting thereafter.
"Hopefully that will be solved soon and we’ll get back to operating in the normal manner that we are used to."
It's believed a number of parties are interested in buying the team. Lance Stroll's father, Lawrence, has been linked with a buyout, as has Andretti Autosport, an American investment group and title sponsor BWT.
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