The Force India Formula One Team have officially entered into administration on Friday after the High Court in London appointed an administrator.

Paddock Eye understands that there are a number of potential buyers in the wingers preparing to bid for the Silverstone based outfit. The team have been experiencing severe financial issues in recent weeks.

The team are currently in fifth place in the Constructors championship on 59 points equal with the Haas F1 Team heading into this weekend’s Hungarian Grand Prix.

More to follow.

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