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

Pedro Acosta reveals how ‘disaster’ Saturday...

Pedro Acosta revealed “KTM is improving in every race” after taking...

Marc Marquez: ‘Not normal to win every weekend’...

Marc Marquez admits “it’s not normal to win every weekend” despite...

Popular On IndyCarToday.com

Popular On TotalWRC.com

Popular On GunnersToday.com

'He's got ability where you just can't teach it' -...

Arsenal hero Theo Walcott has compared teenager Max Dowman to Barcelona...
7h ago from SportsKeeda.com

Report: Arsenal make enquiry for 18-year-old attacker...

Arsenal have been linked with the move for the Fluminense attacking...
2h ago from CaughtOffside.com

Kai Havertz ruled out of Arsenal and Germany games and...

t;li>Forward sustained knee injury at Manchester UnitedArsenal must...
11h ago from TheGuardian.com

“I’m not convinced anyway” - Emmanuel Petit...

Arsenal legend Emmanuel Petit believes that it will be tough for Mikel...
11h ago from SportsKeeda.com

Comments

Hottest News

Champion tipped for SHOCK Red Bull move

Red Bull are keen on signing a world champion... Read More »
4h ago from GPFans.com

Hilarious outtakes of Bottas F1 return announcement revealed

Hilarious behind-the-scenes footage of Valtteri... Read More »
44m ago from GPFans.com

F1 icon hints at Christian Horner BAN

A former F1 star has suggested that Christian... Read More »
2h ago from GPFans.com

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.