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Perez: Force India situation is critical
Sergio Perez described his Force India team’s financial situation as ‘critical’ and recognised that his own future remained uncertain, on Thursday ahead of the Hungarian Grand Prix The Silverstone-based team are fifth overall in the constructors’ standings but have been struggling with funding issues. Co-owner and team principal Vijay Mallya is fighting an attempt by India to extradite him from Britain to face charges of fraud as a group of Indian banks seek to recover more than $1 billion of loans granted to his defunct Kingfisher Airlines. Force India’s chief operating officer Otmar Szafnauer told Reuters in June that the team had suffered a cash squeeze through the European...
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8y ago from GrandPrix247.com
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