Administrators working 'urgently' for best Force India outcome
Administrators placed in charge of Force India have insisted it is "business as usual" for the team at this weekend's Hungarian Grand Prix, and that they are working on an "urgent basis" to secure the best outcome.
Force India, which has battled financial problems in recent months owing to the uncertainty over co-owner Vijay Mallya’s personal situation, was placed into administration on Friday.
Geoff Rowley and Jason Baker of FRP Advisory LLP have been entrusted as joint administrators of Force India.
FRP Advisory previously oversaw Manor’s administration, a case on which Rowley worked.
In a statement issued on Saturday, Rowley said: “We shall be engaging with key stakeholders on an urgent basis to secure the best outcome for creditors.
"In the meantime, the team will continue to operate as normal, including racing in Hungary this weekend.
"Our aim is for business as usual whilst we assess options to secure the future of the team."
A number of buyers are believed to be interested in the team, including Michael Andretti, billionaire Dmitry Mazepin – father of Force India junior driver Nikita Mazepin – Tavo Hellmund backed by a group of US-based investors and Lance Stroll's father, Lawrence Stroll.