Although times are dire for Force India right now, according to Mercedes team chief Toto Wolff there is light at the end of the tunnel for the team as a host of potential buyers have stepped up to save the beleaguered Silverstone based Formula 1 team.
Sergio Perez explained in a special letter why he initiated legal proceedings against the team which triggered administration for the team co-owned by underfire business tycoon Vijay Mallya, Michael Mol and Subrata Roy.
Team COO Otmar Szafnauer acknowledged that times are dire, but Wolff revealed to reporters in Hungary that the bad times should be over soon, "First of all, full credit must be given to Vijay for ten years or so of funding the team. Having been not only a shareholder - the key shareholder of the team - but also having had the enthusiasm to support the team and fund it."
"Obviously things have turned more difficult for him and that has had an effect on the team. Now that the process has been kicked off by the administrator, there are many potential buyers with great interest, with deep pockets, with an understanding of what kind of spending levels are needed in order to perform in F1."
"I would say, it's something that is positive for the team, and for all its employee, "A formal process has been started with administration and we have to wait and see who will bid for the assets. We as Mercedes are interested spectators of the process."
"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. We aren't there yet," Wolff insisted.
Force India deputy team chief Bob Fernley explained, "What will happen is that interested buyers will lodge their interest with FRP, and FRP will now evaluate the business case for any of the potential buyers."
"From that I'm sure there will be a process which will involve Mercedes and the F1 Group to determine the most appropriate buyer for Force India," added Fernley.
Among the heavy hitters interested in Force India include billionaire Lawrence Stroll who is reportedly looking to buy the team so as to place his son Lance Stroll with the team, removing him from the dire situation at Williams.
Meanwhile, Rich Energy have taken offence at apparently being out-manoeuvred by current developments, they Tweeted:
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