Mallya-owned Force India team heading for admin
Vijay Mallya’s Force India Formula One team has been put into administration after a court hearing in London on Friday, deputy principal Bob Fernley said. The team’s chief operating officer Otmar Szafnauer told reporters earlier that the team might have to enter some form of administration before it could emerge on a sounder financial footing. Force India are currently in Budapest and will continue to prepare for Sunday’s Hungarian Grand Prix, the last race before the August break. The action had been triggered by Mexican driver, Sergio Perez.
Tags: Vijay Mallya, Fore India, Administration,
Sat, Jul 28, 2018, 12:41 PM
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