Business as usual for Force India despite administration

Force India's administrators will "assess options to secure the future of the team".

Published : Jul 28, 2018 18:10 IST

Force India will continue to operate as normal after the cash-strapped Formula One team entered administration. 

FRP Advisory LLP were appointed joint administrators of Force India on Friday, with the team reported to have debts of £159million.

Joint Administrator Geoff Rowley said: "We shall be engaging with key stakeholders on an urgent basis to secure the best outcome for creditors.

READ: Force India goes into administration

"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."

Force India chief operating officer Otmar Szafnauer said: "The more money you have in this game, usually the better you do. But hopefully that will be solved soon 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, after the test, enjoy our break and then come back fighting thereafter."

Force India is fifth in the constructor standings with 59 points.

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