Connect with us

2018 F1

‘Heartbroken’ Perez reveals reason for legal action against Force India

Published

on

  • 36
    Shares

Sergio Perez has reveals that he took the legal action that put Force India into administration only to save the team.

On Thursday the Mexican had described the team’s financial position as critical and was revealed to be one of the debtors involved in triggering the administration process.

The Mexican has since issued a statement in an effort to explain that his intention was to protect the team and its staff.

“I want you to know my version of what happened in these last days as I have sadly seen on the media a lot of wrong information that hurts me,” the statement said.

“My pure intention was to save the job of more than 400 team-mates.

“Force India has been in a critical financial position for some time. On Wednesday this week, one of the creditors was in court in London trying to wind the team up.

“If successful, this would have meant the team would be shut down immediately and everyone would lose their jobs.

“As being one of the creditors of the team, I was asked to use a different legal procedure in the English courts called ‘Administration’ which allows a company to continue operating while a new owner is found.

“We had to move very quickly and luckily we managed to get a court hearing yesterday where the judge agreed with our position, thanks to support from Mercedes and BWT.

“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 amazing people that work at the team.”

Force India’s deputy principal Bob Fernley made this clear when drivers Esteban Ocon and Perez qualified 18th and 19th for Sunday’s Hungarian Grand Prix.

“There can’t be any animosity,” Fernley told Autosport.com

“Whatever happens, like everybody else, ‘Checo’ (Perez) is entitled to be paid.

“Unfortunately we were not in a position to be able to pay him, and patience runs out for everybody. So, that’s a process.

“I don’t think we in any way look negatively at him. The responsibility for payment is on the team, not on Checo.

“He’s been put in a difficult position. I think we have to respect his position, and not criticise it.”

Comments

Latest Results




Latest F1 News

2018 F12 hours ago

Fernando Alonso slams wet tyre rules

36SharesDouble-time F1 world champion, Fernando Alonso has hit out at F1’s wet tyre rules. So often in modern formula one,...

2018 F12 hours ago

Schumacher should not skip F2 – Hulkenberg

36SharesNico Hulkenberg thinks Mick Schumacher should do a season of Formula 2 next year. Some believe the 19-year-old son of...

2018 F18 hours ago

Vandoorne arrived late after Formula E test

36SharesStoffel Vandoorne arrived late to the paddock ahead of the US grand prix. The Belgian has been ousted by McLaren,...

2018 F19 hours ago

No ‘splits’ at Ferrari – Arrivabene

36SharesMaurizio Arrivabene has played down rumours that Ferrari is splitting apart. With the Maranello team’s 2018 title hopes in tatters,...

2018 F19 hours ago

Honda progress ‘scary for Renault’ – Sainz

36SharesCarlos Sainz says it is “scary for Renault” how much progress Honda has made in recent races. Previously, with Ferrari...

2018 F124 hours ago

Practice 2 Results: US Grand Prix

36Shares2018 US Grand Prix Practice 1 Results (FP1): First free practice results and timings (FP1) for the eighteenth round of...

2018 F11 day ago

Practice 1 Results: US Grand Prix

36Shares2018 US Grand Prix Practice 1 Results (FP1): First free practice results and timings (FP1) for the eighteenth round of...

2018 F11 day ago

Ferrari still has work to do anyway – Vettel

36SharesMaurizio Arrivabene looks set to have his contract renewed at Ferrari beyond this year. There had been speculation that, amid...

2018 F11 day ago

Leclerc ‘does well’ at Ferrari – Raikkonen

36SharesKimi Raikkonen has wished Ferrari’s new generation of drivers well. The Finn has lost his place at Ferrari for next...

2018 F12 days ago

FIA declare Ferrari suspected Mercedes car is ‘legal’

36SharesThe FIA has declared the latest configuration of Mercedes’ 2018 car to be legal. Brazil’s Globo reports from Austin that...




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