Force India, Hungaroring, 2018

Potential Force India buyers “have deep pockets” – Wolff

2018 Hungarian Grand Prix

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The Force India Formula 1 team, which was placed in administration on Friday, has interest from several potential buyers with “deep pockets”, according to Mercedes team principal Toto Wolff.

As RaceFans revealed earlier this week, one of them is billionaire Dmitry Mazepin, whose son Nikita is the team’s development driver. Lance Stroll’s father Lawrence is also known to have expressed interest in the team.

Mercedes owner Daimler was involved in initiating administration proceedings against its engine customer and is following developments at the team with interest, said Wolff.

“We have to wait and see who will bid for the assets. We as Mercedes are interested spectators in the process.

“We would obviously like to understand what the funding strategy going forward from a potential new buyer is, how it could affect the collaboration between the two teams. And we aren’t there yet.”

The administration process means potential buyers are emerging, said Wolff.

“Now that process has been kicked off by the administrator there are many potential buyers with great interest, with deep pockets, with an understanding of what kind of spending levels are needed in order to perform in Formula 1.

“It’s something that is positive for the team and all its employees, I would say.”

The team’s embattled co-owner Vijay Mallya, who criticised the decision to put Force India in administration, deserves “credit” for his management of the team, said Wolff.

“Credit must be given to Vijay for 10 years of funding the team and having been not only a shareholder, but a keen shareholder of the team, having had the enthusiasm to support the team and fund it.

“Obviously things have turned more difficult for him in the past and that has had an effect on the team.”

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Author information

Dieter Rencken
Dieter Rencken has held full FIA Formula 1 media accreditation since 2000, during which period he has reported from over 300 grands prix, plus...
Keith Collantine
Lifelong motor sport fan Keith set up RaceFans in 2005 - when it was originally called F1 Fanatic. Having previously worked as a motoring...

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6 comments on “Potential Force India buyers “have deep pockets” – Wolff”

  1. We are somewhat desperate to get a clearer picture of this whole situation by now.

  2. Sush meerkat
    29th July 2018, 13:20

    Fastest way for the silver arrows to get themselves a b team a la Torro Rosso

    1. I really hope they don’t. I want to see more independent teams fighting the big boys in the future, not b teams like Torro Rosso and Haas.

      1. More? There are none at the moment.

        1. Red Bull is independent, Williams, Force India, and I hope more coming in future.

          I hope that Liberty can level the playing field a bit in years to come.

        2. @rethla Sham mentioned two. I’d add Sauber to that list (to whom Ferrari sell more than just their powertrain and they put their driver there).

          In fact Force India was always a bit of the B team for McLaren, but obviously that doesn’t amount to much anymore the last for years.

          Williams also has some rumours that they will buy more parts from Mercedes. Than we will have almost only B teams left.

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