In great difficulty, Force India placed under judicial administration

Force India can compete in the Hungarian Grand Prix but must find a buyer as soon as possible. The Rich Energy company boasts of having paid 30 million dollars without being able to avoid this situation.

Published on 28/07/2018 à 08:48

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In great difficulty, Force India placed under judicial administration

Sergio Pérez's words were precursory. Ahead of the Hungarian Grand Prix, the Mexican explained that his Force India team was in “a critical (financial) situation”. The former Sauber driver and McLaren didn't think I said it so well, since Friday evening, the team was placed under judicial administration by the High Court of Justice in London (Great Britain).

Concretely, Force India can compete in the next round of the calendar Formula 1 without the slightest change to its usual operation. However, it must find an agreement with a new owner as quickly as possible to continue its season. The latest rumors stated of a certain Lawrence Stroll as buyer, who is none other than the pilot’s father Williams Lance stroll.

No statement came from Force India other than the exit of Chief Cinematographer Otmar Szafnauer a few hours earlier. « I think a new investor will arrive shortly. I know there are discussions behind the scenes but I am not concerned. I am not a shareholder, otherwise I would know more. »

In the process, a vindictive Tweet from the company Rich energy criticized the attitude of Mercedes (supplier of the engine block and gearbox) and Sergio Pérez. " Despite a $30 million payout from Rich Energy, justice placed Force India under judicial administration. A tragic outcome and which could have been avoided, orchestrated by Mercedes, Sergio Pérez, Julian Jakobi (pilot’s agent) et (the main sponsor) BWT. »

Despite a last minute £30m cash injection from @rich_energy the court has today put @ ForceIndiaF1 into administration. A tragic and avoidable outcome orchestrated by @MercedesAMGF1 @SChecoPerez , Julian Jakobi and BWT. Disgraceful pic.twitter.com/2E9N9WPmKy

- Rich Energy (@rich_energy) July 27, 2018

Quel Rich Energy is a brand of energy drink, who this winter tried to buy the pink-tinted stable. This approach was considered far-fetched, the company not having the necessary resources to afford a Formula 1 team. The credit to be given to this Tweet is therefore relative, pending further clarification.