wombat666
Administrator
Force India have announced they have entered administration.
In a statement to Formula1.com, Force India said “specialist business advisory firm FRP Advisory LLP were appointed Joint Administrators of Force India Formula One Team Limited” on Friday.
Joint Administrator Geoff 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.”
In a statement to Formula1.com, Force India said “specialist business advisory firm FRP Advisory LLP were appointed Joint Administrators of Force India Formula One Team Limited” on Friday.
Joint Administrator Geoff 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.”