Connect with us

2018 F1

Force India not on verge of bankruptcy – boss

Published

on

  • 5
    Shares

Bob Fernley has denied that Force India is on the brink of bankruptcy.

What is clear is that after finishing fourth overall in both 2016 and 2017, the small Silverstone based team is now outpaced by other midfield runners.

But deputy boss Fernley told Finnish broadcaster C More that reports the new car is fundamentally flawed are wrong.

“If you compare our times with Australia and Bahrain last year, then we are actually significantly faster,” he said.

“Between eighth and 15th places there is a difference of maybe two tenths, so the competition is incredibly tight,” Fernley added.

Fernley also denied reports that Force India is on the brink of financial paralysis.

The report said the team needed an advance in its official F1 income within weeks just to survive.

But Fernley smiled: “We’ve apparently been on the verge of bankruptcy every month for ten years but we’re still here, and we’re still going well.”

Comments

Latest Results




Latest F1 News

2018 F14 weeks ago

Lauda announces 2019 grand prix return

5SharesNiki Lauda has allayed fears that he might not return to his post at the grands prix with Mercedes. In...

2018 F14 weeks ago

Sauber still building staff numbers – Vasseur

5SharesSauber is still building up its staff numbers, boss Frederic Vasseur has revealed. The Swiss team almost collapsed two years...

2018 F14 weeks ago

Red Bull ‘will look to Verstappen’ in 2019 – Horner

5SharesMax Verstappen will have a more significant role at Red Bull next year. That is the view of Christian Horner,...

2018 F14 weeks ago

London could join Silverstone in F1 – Brawn

5SharesRoss Brawn says a grand prix in the centre of London would be “unacceptable”. But the F1 sporting chief thinks...

2018 F14 weeks ago

Kubica not offended by Vettel comments

5SharesRobert Kubica says he is not offended by comments made by quadruple world champion Sebastian Vettel. Ferrari’s Vettel said that...

2018 F14 weeks ago

Verstappen happy with Ricciardo replacement

5SharesMax Verstappen says he is happy with Red Bull’s pick for his new teammate. The Dutchman says he cannot understand...

2018 F14 weeks ago

Renault to keep working over Christmas

5SharesStaff at Renault’s works F1 team will work throughout the Christmas and New Year period. That is the news from...

2018 F11 month ago

Force India to launch 2019 car in Canada

5SharesForce India has become the second F1 team to announce a reveal date for its 2019 car. Ferrari boss Maurizio...

2018 F11 month ago

“it was a difficult experience, but it made me stronger,”- Sirotkin

5SharesSergey Sirotkin says his aim is to return to formula one in 2020. The Russian has been replaced at Williams...

2018 F11 month ago

McLaren success is ‘long term’ aim – Sainz

5SharesCarlos Sainz says McLaren is aiming for success only in the medium to long term. The Spaniard says he is...




Most Popular

ThisisF1.com is not affiliated with Formula 1, Formula One Management, Formula One Administration, Formula One Licensing BV, Formula One World Championship Ltd or any other organization or entity associated with the official Formula One governing organizations or their shareholders. Copyrighted material used under Fair Use/Fair Comment.

References
We could use the following leading F1 news sources for stories: SkyF1, BBC F1, Autosport, ESPN F1, FIA Media Center, MotorSport, JamesAllen and others leading authors blog.

All Rights Reserved © 2017 Prime Sport Media