Wolff keeping close tabs on Force India situation

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Mercedes boss Toto Wolff will be particularly attentive to Force India's administration proceedings that will unfold in the coming days and weeks.

As a creditor, the German manufacturer is a party to the legal action that was initiated last week by Sergio Perez.

But Wolff is also eager to learn more about the team's prospective buyer and the possible implications for the relationship between Mercedes and Force India.

"Let's see who shows interest," Wolff said in Hungary.

"We as Mercedes are interested spectators of the process.

"We would 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. We aren’t there yet."

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Force India's situation is obviously fluid, but like the entire Formula 1 community, Wolff hopes the Silverstone-based outfit will weather the storm and emerge as a sound and strong entity.

While Force India co-owner has lost control of the team, Wolff offered a reminder that the Indian business tycoon had generously supported his team over the years.

"First of all we must pay tribute to Vijay Mallya, who always supported and financed the team. He had his difficulties and it affected the team," he said.

"Now there are many potential buyers who show great interest in the team.

"They have the means and they understand how much money is required to achieve results, so now we'll see what happens," Wolff added.

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Phillip van Osten

Motor racing was a backdrop from the outset in Phillip van Osten's life. Born in Southern California, Phillip grew up with the sights and sounds of fast cars thanks to his father, Dick van Osten, an editor and writer for Auto Speed and Sport and Motor Trend. Phillip's passion for racing grew even more when his family moved to Europe and he became acquainted with the extraordinary world of Grand Prix racing. He was an early contributor to the monthly French F1i Magazine, often providing a historic or business perspective on Formula 1's affairs. In 2012, he co-authored along with fellow journalist Pierre Van Vliet the English-language adaptation of a limited edition book devoted to the great Belgian driver Jacky Ickx. He also authored "The American Legacy in Formula 1", a book which recounts the trials and tribulations of American drivers in Grand Prix racing. Phillip is also a commentator for Belgian broadcaster Be.TV for the US Indycar series.