Force India sale plans compromised by rival teams

The efforts of Force India administrator FRP Advisory to sell the Silverstone outfit in the coming days could be compromised by opposition from three rival Formula 1 teams.

Force India sale plans compromised by rival teams

Under the terms of the Concorde Agreement, a team emerging from administration is regarded as a new entity and can only retain the commercial rights accrued by the original team if all other teams agree.

It’s a similar process to that undertaken when a team asks to receive its F1 prize fund payments in advance.

After a meeting in Budapest last weekend, McLaren, Renault and Williams all decided not to sign an agreement, at least for the time being, despite some urgent canvassing from F1 CEO Chase Carey on Force India’s behalf.

All three are keen to make a point to Liberty and the wider F1 world about the increasing power within the sport of the team alliances centred around Mercedes and Ferrari.

There’s a shared concern that Force India is being lined up by Mercedes boss Toto Wolff to become a pukka B-team, and that will only increase the power base of the sport’s two major manufacturers.

Although Williams is aligned with Mercedes as a customer, the Grove team has always insisted that teams should be independent constructors.

If Force India is not guaranteed to receive the income it was originally due – and which has been boosted by it finishing in fourth place in the constructors’ championship over the past two seasons – the team’s value to potential purchasers will clearly be much lower.

That uncertainty could derail hopes to have a deal in place before the next race in Spa.

Should a sale go ahead, the next hurdle will be an application for a team name change for 2019. However, that will only need a majority of the teams to agree.

The last major F1 team sale, that of Sauber, went through painlessly and with no involvement from rivals because it remained the same entity and the name didn’t change.

shares
comments
Gasly: Blue flags made me realise how well I was doing

Previous article

Gasly: Blue flags made me realise how well I was doing

Next article

Red Bull junior Ticktum's test absence a legacy of racing ban

Red Bull junior Ticktum's test absence a legacy of racing ban
Load comments
How the pitstop rules change has left F1 teams scrambling Prime

How the pitstop rules change has left F1 teams scrambling

The technical directive issued by Formula 1 to reduce levels of automation in pitstops has given teams an unwelcome period of adjustment. Although safety was the primary goal, it has already had a significant impact on the title race and puts extra pressure on teams to deliver as the season reaches the business end

How the pandemic is continuing to bite F1 Prime

How the pandemic is continuing to bite F1

Uncertainty over the shape of the calendar doesn’t just vex the fans and the commercial rights holder. MARK GALLAGHER explains at how race promoters have been pushed to the financial brink

Russian Grand Prix driver ratings Prime

Russian Grand Prix driver ratings

The 2021 Russian GP was decided by late-arriving rain that allowed some to climb and caused others to plummet. But the events which played out beforehand are equally significant when considering the all-important driver ratings

Formula 1
Sep 27, 2021
The "blind faith" Mercedes call that won Hamilton his 100th F1 race Prime

The "blind faith" Mercedes call that won Hamilton his 100th F1 race

Until rain turned the Russian Grand Prix on its head in the closing stages, Lando Norris was set to convert his first Formula 1 pole position into a maiden win. But having recovered well from being shuffled back at the start, Hamilton and his Mercedes team called the changing conditions spot-on for a landmark 100th F1 victory

Formula 1
Sep 27, 2021
Why momentum is again behind Australia's aces Prime

Why momentum is again behind Australia's aces

At the Italian Grand Prix Daniel Ricciardo turned around a troubled F1 season and, in F2, Oscar Piastri demonstrated once again that he is a potential star of the future. BEN EDWARDS weighs up the prospects of F1 having two Australian stars

Formula 1
Sep 26, 2021
The tough balancing act facing Schumacher’s Netflix film producers Prime

The tough balancing act facing Schumacher’s Netflix film producers

Michael Schumacher is the latest sporting superstar to get the ‘Netflix treatment’, with a special documentary film airing on the US streaming giant’s platform this month. DAMIEN SMITH has the inside track on how the filmmakers gained access to tell the human story behind one of Formula 1’s most publicity-shy champions - while the man himself, for obvious reasons, is in absentia… 

Formula 1
Sep 25, 2021
Why Verstappen should be confident of Russian GP recovery Prime

Why Verstappen should be confident of Russian GP recovery

For the second race in a row, Mercedes has ended the first day of track action on top. It’s in a commanding position at the Russian Grand Prix once again – this time largely thanks to Max Verstappen’s upcoming engine-change grid penalty. But there’s plenty to suggest all hope is not lost for the championship leader at Sochi...

Formula 1
Sep 24, 2021
Why dumping the MGU-H is the right move for F1 Prime

Why dumping the MGU-H is the right move for F1

OPINION: With its days apparently numbered, the MGU-H looks set to be dropped from Formula 1’s future engine rules in order to entice new manufacturers in. While it may appear a change of direction, the benefits for teams and fans could make the decision a worthwhile call

Formula 1
Sep 23, 2021