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Uralkali sues administrators of Force India F1 team

Russian potash producer Uralkali announced legal action against the administrators of the Force India Formula One team on Thursday after losing out in what it called a "flawed sale process".

The company said in a statement it had started proceedings in the London High Court and was seeking substantial damages for "prejudicial and unequal treatment". Joint administrators Geoff Rowley and Jason Baker, for FRP Advisory LLP, said, however, that they were unaware of any such action against them.

"No such claim has been received by us or, as far as we are aware, by the Court," they said.