News Details

Administration imminent for Force India

Following reports in the German media that Force India was on the verge of going into administration ahead of a possible takeover, the team's chief operating office, Otmar Szafnauer admitted that such a move was a 'possibility'. 'There is a high correlation between critical financial situation and the sporting situation,' said Szafnauer at today's press conference. 'The more money you have in this game, usually the better you do. 'Hopefully that will be solved soon,' he added, 'and we'll get back to operating in the normal manner that we are used to. '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,...
Full Story »
7y ago from Pitpass.com 0
Share

You May Also Be Interested In...

Investment 'imminent' says Otmar Szafnauer as Force...

Force India's chief operating officer Otmar Szafnauer says much...
7y ago from MotorsportWeek.com

Force India 'open' to releasing Ocon

Force India's chief operating officer Otmar Szafnauer says the team would...
7y ago from F1i.com

Force India's Otmar Szafnauer: “A Bit Of Rain Always...

Otmar Szafnauer felt it was a “very good afternoon’s work” at the...

Finances hurting Force India in development war

Although Force India grabbed a double points-haul in Germany, Otmar...
7y ago from PlanetF1.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Long Beach to bring in new leadership for iconic event

Organizers of the annual Grand Prix of Long Beach event have announced...

Pato O’Ward joined by F2 champion in McLaren F1...

McLaren has announced its driver development program lineup for 2026,...

Popular On TotalWRC.com

Popular On GunnersToday.com

 Arsenal star Declan Rice's X-rated reaction after...

Declan Rice was pissed following Arsenal’s 0-0 draw against Nottingham...
20m ago from SportsKeeda.com

“This guy is costing you a title” - Fans slam...

Arsenal fans have ripped into Viktor Gyökeres for his performance during...
9h ago from SportsKeeda.com

Nottingham Forest 0-0 Arsenal: Premier League – live...

points were shared on an evening when Arsenal extended their lead at the...
10h ago from TheGuardian.com

“One of the best news of this weekend”, “King is...

Arsenal fans are delighted to see Cristhian Mosquera included in the...
13h ago from SportsKeeda.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.