Toto Wolff believes there are five interested parties bidding for control of Force India after the Formula 1 team entered administration last w🐼eek, but says Mercedes is not among them.

Force India formally entered administration last Frida🅠y following a High Court hearing in London after legal action was triggered by driver Sergio Perez, with engine supplier Mercedes supporting the move. Force India owes Mercedes more than €10 mill💙ion due to debts racked up in recent years.

A🌱fter claiming earlier in the week that there was "great interest" in Force India from possible buyers with "d🐻eep pockets", Mercedes F1 chief Wolff revealed after the race on Sunday in Hungary that there were five bidders hoping to purchase the team.

"The team has gone into ordinary administration and the administrator is t꧟aking over," Wolff said.

"There are five bidders. We’re n🐻ot one of them and we’re not inဣterested.

"We are one of the creditors, one of the suppliers that has helped ꦿthe team over God knows how many years in competing. So let’s ♐see how that goes."

Wolff previously enjoyed a financial stake in Williams while running Mercedes, but said on Friday he would not be interested in taking equity in ano꧋ther F1 team in the near future.

"When I decided to take up the opportunity with Daimler and became a shar꧑eholder of the Mercedes F1 team and i෴nvolved in the management of it, I had to relinquish all positions of potential conflict of interest," Wolff said.

"I sold my shares in HWA, and I also sold the shares in Willi༺ams. I will not, neither directly or indirectly, be involved in any other Formula 1 team."