Perez: I took action against Force India to save jobs

Perez: I took action against Force India to save jobs

Force India's financial issues are well chronicled and have lingered for some time, but things came to a head this week following a wind-up petition filed by Brockstone Ltd., an offshore entity domiciled in Guernsey and which handles the interests of Sergio Perez.

Ocon is poised for a move to Renault next year, and the change of status for Force India is likely to free the Frenchman to move despite his current team having had an option on him for 2019.

After Friday evening's High Court decision in London administrator Geoff Rowley and his firm FRP Advisory are now running the team, using independently sourced funds that are sufficient, for example, to allow it to pay staff salaries next week.

According to Motorsport.com, in a letter to Force India employees, Mallya vowed to work with the administrators to take the team out of administration, or engage in a sale of the outfit for the best possible price. I tried to focus but then it got too much. I was asked by a couple of members of the team to go ahead and save the team and protect the 400 people who were working there. It was hard because emotionally and mentally, I haven't been able to focus on my driving, on being a racing driver.

Perez said he was broken-hearted at having to make the claim for money owed, which put the British-based team in administration, but he insists it was not for personal gain.

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"I ended up in a very hard situation", he said. But the big picture is really different.

"I have been put in this position". Secondly, I hope to have a team that is more stable and can go on to the next level and be a racing team.

Perez's claim for money owed - some 4 million euros, mostly from last season - was supported by engine provider Mercedes and team sponsor BWT which says it is also owed significant sums.

"From that I'm sure there will be a process which will involve Mercedes and F1 Group to determine the most appropriate buyer for Force India".

Five separate parties are believed to be interested in buying the team. "As much as we have to recognize Vijay's effort the last ten years into the team, we shouldn't forget that".

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