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Reports: Force India enter administration
Hungarian Grand Prix – A sponsor of Force India has confirmed that the team have entered administration. According to the team sponsor Rich Energy, an energy drinks company, the team were put into administration on Saturday, despite a 30 million GBP cash injection at the last minute. According to Rich Energy, the injection has not been enough to stave off administration which they attribute to Mercedes, their engine supplier, as well as driver Sergio Perez, Julian Jakobi & BWT. Otmar Szafnauer, speaking at the team press conference on Friday, addressed recent rumours of financial crisis at the team, in light of comments made by Sergio Perez on Thursday: 'Unfortunately, I don’t know...
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7y ago from FormulaSpy.com
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