Formula 1
Formula 1
R
Australian GP
12 Mar
-
15 Mar
Next event in
48 days
19 Mar
-
22 Mar
Next event in
55 days
02 Apr
-
05 Apr
Next event in
69 days
16 Apr
-
19 Apr
Next event in
83 days
30 Apr
-
03 May
Next event in
97 days
07 May
-
10 May
Next event in
104 days
21 May
-
24 May
Next event in
118 days
R
Azerbaijan GP
04 Jun
-
07 Jun
Next event in
132 days
11 Jun
-
14 Jun
Next event in
139 days
25 Jun
-
28 Jun
Next event in
153 days
02 Jul
-
05 Jul
Next event in
160 days
16 Jul
-
19 Jul
Next event in
174 days
R
Hungarian GP
30 Jul
-
02 Aug
Next event in
188 days
27 Aug
-
30 Aug
Next event in
216 days
03 Sep
-
06 Sep
Next event in
223 days
R
Singapore GP
17 Sep
-
20 Sep
Next event in
237 days
24 Sep
-
27 Sep
Next event in
244 days
08 Oct
-
11 Oct
Next event in
258 days
R
United States GP
22 Oct
-
25 Oct
Next event in
272 days
29 Oct
-
01 Nov
Next event in
279 days
R
Brazilian GP
12 Nov
-
15 Nov
Next event in
293 days
R
Abu Dhabi GP
26 Nov
-
29 Nov
Next event in
307 days

Losing Force India bidder threatens legal action

shares
comments
Losing Force India bidder threatens legal action
By:
Aug 25, 2018, 8:24 AM

A Russian company whose bid to buy the Force India Formula 1 team failed has threatened legal action if it doesn’t get "satisfactory explanations" about the way the administration process was conducted.

Earlier this week chemical company Uralkali, which is closely associated with Dmitry Mazepin, insisted that it had made a viable bid for the team, and questioned the way a consortium led by Lawrence Stroll was able to buy the assets.

Since then the FIA has accepted the renamed Racing Point Force India as a new entry at the Belgian Grand Prix, while more information emerged about the restructured organisation.

On Friday, Uralkali wrote to the administrator, FRP Advisory, asking for answers - and vowed to take court action if it doesn't get them by September 10.

A statement attributed to Uralkali independent director Paul Ostling, who led the bid, said: “Uralkali has serious concerns about the conduct of the bid process for the acquisition of Force India.

“Debevoise & Plimpton LLP, Uralkali’s lawyers have accordingly this evening written to the administrators, FRP Advisory LLP, informing them that unless satisfactory explanations are forthcoming by 10 a.m. British Summer Time on 10 September 2018, court proceedings will be brought against them.”

Last week the administrators – Geoff Rowley and Jason Baker of FRP – responded to Uralkali’s original statement by insisting that all bidders for the team were treated equally.

“All bidders were given equal opportunity to submit the best deal for Force India,” they said in a statement.

“Throughout, we (the Joint Administrators) have closely followed our statutory duties and objectives as administrators and had the advice of experienced legal counsel.”

Next article
How Jordan conquered F1's craziest Belgian GP

Previous article

How Jordan conquered F1's craziest Belgian GP

Next article

Teams back idea of delay to 2021 engine rules

Teams back idea of delay to 2021 engine rules
Load comments

About this article

Series Formula 1
Teams Force India , Racing Point Force India
Author Adam Cooper