Sahara Force India administration: ‘clear and secure future’ as F1 team heads for a planned restructuring
The team was listed for a Companies Court winding-up hearing at London’s High Court on Wednesday
The team, owned by Vijay Mallya, was listed for a Companies Court winding-up hearing at London’s High Court on Wednesday this week.
“Within a week, or at the most two, our financial future will become more clear and, I believe, much more secure,” Szafnauer told reporters at the Hungarian Grand Prix.
Paddock observers believe that Canadian billionaire Lawrence Stroll, the father of Williams’ teenager driver Lance Stroll, is set to buy the cash-strapped outfit with an investment package that will see his son move teams.
Szafnauer said: “I think it’s imminent. I know there’s discussions going on in the background. I’m not privy to those because it’s a shareholder issue and I’m not a shareholder.
