By Editor on Friday, January 18, 2013
Force India deputy team principal Bob Fernley has insisted that there are no financial difficulties at the team.
Rumours on Friday suggested that the Silverstone based team was struggling ahead of the new season.
“There is absolutely no substance to it,” Fernley told Autosport.
“Our shareholder Vijay and Sahara are incredibly strong.”
“And all that is going ahead and moving forward. For the last four years, coming now to our fifth year, the team has been financed without any dependence on the shareholders’ companies that they own.
“There is absolutely no substance to it anywhere and that’s the thing that’s very distressing.”
Force India’s board approved a £50m plan for the team in November last year. Team owner Vijay Mallya’s airline Kingfisher has struggled financially, with its fleet grounded in 2012.
Fernley also told Autosport that their second driver would be announced “probably before the first test” but not at the launch on February 1st.