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Force India rubbishes buy-out rumors

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Force India has released a statement in which it denies the team is on the verge of being sold, quashing rumors which emerged earlier this week.

British media reported that a takeover group led by Rich Energy founder William Storey, backed by "a wealthy consortium of business figures" were involved in talks to acquire Force India, with the Daily Mail suggesting a price tag of $280 million.

The Silverstone outfit moved to deny any ongoing negotiations with any party or takeover group.

"Following recent media reports speculating on the sale of Force India Formula One Team Limited, the Company’s shareholders wish to clarify that there is no offer from potential investors under consideration," the team said in a statement released Thursday

"The Team is focussed on the start of testing next week where the 2018 car will be presented in Barcelona on Monday 26th of February," added the release.

"The team’s drivers, Sergio Perez and Esteban Ocon, will pull the covers off the VJM11 and pose for photos in the pit lane at 8:00am local time."

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