Hungarian Grand Prix: Force India put into administration by High Court

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Force India driver Esteban Ocon is on the verge of securing a move to RenaultForce India have gone into administration before a possible takeover.Deputy team principal Bob Fernley confirmed to BBC Sport that the High Court in London had appointed an administrator. No further information about the future of the team has been released at this stage.
Earlier on Friday, Force India admitted they faced a "critical period" as financial problems threatened the team.At least three potential buyers are said to be in the wings considering a purchase of the Silverstone-based outfit.Chief operating officer Otmar Szafnauer said on Friday that he believed fresh investment in the team was "imminent".Force India's problems arise from the legal issues of co-owner Vijay Mallya, who is fighting extradition to India on fraud charges, which he denies.Szafnauer added that he believed that if the team went into administration it would come out of it and survive.
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