Mallya- Dissolution does not threaten Force India competition

Force India team owner and Principal Vijay Mallya has stressed that the team's future in Formula 1 in not in doubt following reports on Friday that the Silverstone-based company has failed to submit accounts and may be closed by the British government as a result.

With newspaper The Telegraph having published a report stating that Companies House in the United Kingdom is threatening to dissolve Force India F1, should its accounts for 2008 not be submitted by Thursday February 25, it is believed that the team has already been handed a deadline extension after it missed the original date of October 31 2009.

"Force India's participation within the F1 championship has not, and will not, be in jeopardy," Indian Mallya said via a statement on Friday afternoon. "It is not unknown for companies to file their annual returns late, the reasons for which are varied." GPUpdate.net