Force India feared same fate as Manor and Caterham

Published on 08 Aug 2018 10:09
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Force India chief operating officer Otmar Szafnauer admits that he feared the team would not recover after entering administration, leading it to meet the same fate as teams such as Manor and Caterham.

In recent years, the two aforementioned teams failed to pull themselves back from the depths after entering administration. Manor last competed in Formula 1 in 2016, while Caterham vanished off the grid after the 2014 season.

Both teams disappeared due to a lack of funding, a situation that Force India almost found itself in. However, on Tuesday, a Lawrence Stroll led consortium of investors saved the team, securing 405 jobs for the future.

And Szafnauer admitted relief over the deal, as he feared it was all over for the Silverstone-based squad: "Once we went into administration, there were a couple that have been there and didn’t come out,” he told Autosport.

"So, there is a lot of trepidation amongst all the team members, and a lot of anxiety, because we didn’t know where it was going to go. It’s a huge relief to know there’s a future for the team. We’ll be able to continue as a normal Formula 1 team.”



Replies (1)
Posts: 248
Thank the lord......at least it now has a billionaire backer - shouldn't be a problem competing from now on.
 

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Driver profile
Name CA Lance Stroll
Active As Racing Point Force India Driver in Formula 1
Date of birth Oct 29 1998 (20)
Weight 70 kg
Height 1.80m
City Genève
33,910 comments on Stroll
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Track Yas Marina Circuit
 
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Location AE Abu Dhabi, United Arab Emirates
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Team profile
Name IN Force India
Founding date Jan 1 2008
93,800 comments on Force India
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Website http://www.forceindiaf1.com
Location Silverstone
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Previous Grand Prix: 25 November 2018
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