Force India put financial concerns to rest

Force India have ended speculation surrounding their future by confirming their accounts are now up to date.

A report a month ago indicated the team faced dissolution by Companies House after failing to lodge their mandatory financial accounts for 2008 before last October's deadline.

The team were granted a deadline extension through to February 25 with owner Vijay Mallya insisting at the time it was common for a company to be late filing their annual returns.

Mallya added Force India's participation in this year's Formula One World Championship was not in jeopardy, and his chief executive officer Otmar Szafnauer has now confirmed the team complied with the deadline.

"The matter was a storm in a tea-cup, as there was never a real risk to us," Szafnauer told Autosport.

"The accounts were filed on February 25. It is normal to get extensions like that.

"For us it was always business as usual."

Source: Force India put financial concerns to rest - Planet-F1 News from planet-f1.com