Vijay Mallya Denies Force India’s Participation in Jeopardy

Vijay Mallya Denies Force India's Participation in Jeopardy

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Vijay Mallya Denies Force India's Participation in Jeopardy


Force India team principal Vijay Mallya has denied the future of the team is in doubt after they were unable to present mandatory documents to Companies House.

Financial accounts for 2008 were due to be lodged in October last year, but the Formula One team failed to comply.

Force India has since been granted a deadline extension of February 25, with the threat of dissolution hanging over them if they miss the date.

Mallya has been quick to respond, however, and is adamant that the situation is under control. Sky Sports

“Force India’s participation within the F1 championship has not, and will not, be in jeopardy,” he said in a statement. “It is not unknown for companies to file their annual returns late, the reasons for which are varied.”

Mallya added that Force India had been granted an extension until February 25 and were taking “all the necessary steps” to ensure the accounts were submitted before that date.

Force India will unveil their new Mercedes-powered car at the Jerez circuit in southern Spain next Tuesday before four days of testing with Italian Vitantonio Liuzzi doing the first two stints.

Sutil will then take over for the final two days. Yahoo! Eurosport


 
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