Force India has brushed off talks that a takeover of the team is imminent. The team has been subject of a lot of attention from mysterious energy drink manufacturer Rich Energy, however no concrete offer has materialised according to the team.
The Daily Telegraph claimed over the weekend that a takeover bid from the British drinks firm was looming, with owner William Storey claiming a bid had been accepted back in April.
"In light of ill-informed media speculation and certain external moves to destabilise the team, I can confirm that Rich Energy made an official offer to buy Force India Formula 1 team at the end of April.
"This offer was accepted in principle.
"We have deposited funds considerably in excess of the purchase price and will invest an additional eight-figure amount in the team," he added.
Force India however denied that any serious offer had been brought forward with Bob Fernley denying the latest rumours.
"There's nothing moved forward yet to my knowledge. We've not been instructed about anything yet. At the end of the day all those issues are dealt with by the shareholders, they're not a team issue, so we don't have any involvement in it at all."