Published: Thu, August 02, 2018
Sport | By

Perez: I took action against Force India to save jobs

Perez: I took action against Force India to save jobs

The Force India Formula One team said today that they feel no animosity towards leading driver Sergio Perez for taking legal action that led to them going into administration.

The newly-appointed administrators intend to run the team as normal - including participating in this week's in-season test - as they look to achieve the best outcome for its creditors in the long term.

Both drivers and the rest of the team are in Budapest preparing for this weekend's Hungarian Grand Prix. Perez qualified 19th on Saturday, and teammate Esteban Ocon 18th. It's really tough. I haven't been able to focus on my driving.

"As a result, the team is now in the hands of an administrator who can sell the team and save the jobs of the 400 incredible people that work at the team".

Perez, who has competed in almost 150 F1 races, stepped in, albeit against his wishes.

Perez said he had struggled to keep his focus over the last month, even if the results had not betrayed the turmoil going on behind closed doors at a team who have struggled to pay their bills for some time.

Perez reiterated that his personal financial situation was not the issue.

"It has nothing to do with my outstanding amounts".


"We would like to understand what the funding strategy from a potential new buyer is, how it could affect the collaboration between the two teams".

Formula 1 motorsports director Ross Brawn says the sport is doing everything it can to ensure the survival of the Force India team, following the appointment of administrators last week. Earnings from TV revenue and prize money constitute a big chunk of earnings for teams like Force India.

The Mexican driver is reportedly owed more than four million dollars while engine suppliers Mercedes are owed more than 15 million dollars.

Force India has finished fourth in the constructors' standings for the last two years and is now sixth in this year's standings. I know there's discussions going on in the background.

Force India's problems are well-documented, with Mallya having assets frozen in India and fighting an attempt to extradite him from Britain to face charges of fraud, which he denies.

He is tipped for a move to Renault while Perez's future remains uncertain.

Szafnauer said: "I think it's imminent". "We won't stand in his way".

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