Formula 1 | Force India in difficulty: Liberty Media ready for loans to save the team from bankruptcy?

The resignation of Vijay Mallya as team director would have been requested by Chase Carey as a guarantee

Formula 1 | Force India in difficulty: Liberty Media ready for loans to save the team from bankruptcy?

According to what reported by AMuS, Force India is fighting for its survival in this 2018 Formula One world championship. Despite the numerous awards won over the past seasons, Vijay Mallya would have left the management direction of a team in clear economic difficulty, especially with regards to payments.

The German newspaper, in fact, states that to make up for this situation, Liberty is making loans to the Indian team for the sole purpose of avoiding a possible bankruptcy before the end of this championship. A difficult situation that has been going on for some years now and which Vijay Mallya has not been able to remedy.

The Indian Manager's resignation as team director should be seen as a bargaining chip requested by Chase Carey so that the leadership of the team would pass into much steadier and safer hands. Force India, we remember, is in negotiations with five buyers for the sale of the team, with Rich Energy which can already boast an agreement in principle with the management of the Indian squadron. BWT and Mercedes would be the other figures interested in the team.

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