Vijay Mallya’s representative has said Force India are not close to being taken over despite recent links of new ownership.
Sports drinks company Rich Energy have long been linked with a takeover of the Formula 1 team, while Michael Andretti has also emerged as a potential new owner.
Force India have cash-flow problems and asked Liberty Media for an upfront payment to get the through the winter.
But, those financial problems have not made the prospect of a takeover move any closer.
“Nothing is happening. No sale or anything of Force India,” Mallya’s representative told India’s Business Standard.
“Formula One is notorious for people wanting to buy teams. I would take it with a pinch of salt.”
Andretti Autosport, meanwhile, have neither confirmed nor denied that a takeover of Force India is on the cards.
“Andretti Autosport is a diverse motor sports property and we have many discussions about opportunities within and outside of our current portfolio,” a spokesperson told Sports Business Daily.