Schumacher fell and hit his head against a rock while skiing in the French Alps with his family in December 2013.
McLaren were keen to keep the two-time World Champion in their ranks but he has now decided to leave F1 ahead of the 2019 campaign.
The Indian outfit, based in Silverstone, England, was placed into administration last month but said its future had been secured by the consortium.
Niki Lauda, 69, had cut short his holiday in Ibiza at the end of July and returned to Vienna for treatment.
Ricciardo joined the Red Bull Junior Team in 2008 and progressed through their driver development programme.
It was Lewis Hamilton's record sixth win in Hungary, his fifth this season and the 67th of his career.
Force India went into administration following a High Court hearing in London on Friday evening.
Team-mate Valtteri Bottas secured Mercedes a front row lockout.
Sebastian Vettel clocked a best lap of one minute and 16.170 seconds to wind up narrowly ahead of Valtteri Bottas and Kimi Raikkonen.
There was no further immediate comment from the team.
The championship-leading Briton, whose team-mate Valtteri Bottas said his car "was difficult to drive", said the team needed to "dig deep to figure out what changes to make".
Sebastian Vettel said he was relieved to be "back at work" following a difficult few days after he posted the fastest time for Ferrari in second practice for this weekend's Hungarian Grand Prix.
At German Grand Prix, the Briton delivered a masterclass in the wet conditions in his Mercedes to win from 14th on the grid as many, including fellow four-time world champion Sebastian Vettel of Ferrari, slithered off the track.
Toto Wolff was adamant that the triumphant Hamilton and his team-mate Valtteri Bottas will remain free to race each other.
It was Vettel's first retirement of the season and cost him his much-sought first win at his home Hockenheimring circuit closest to his birthplace and family home in Heppenheim.
Hamilton's victory came just three days after Mercedes had announced he had agreed a blockbuster two-year contract extension with the team and leapfrogged him 17 points ahead of Vettel in the championship.
In front of a huge crowd of flag-waving Germans at the track near his Heppenheim birthplace, Vettel delivered a lap record in one minute and 11.212 seconds to top the Finn's 1:11.416.
Kimi Raikkonen, the 2007 world champion, made his F1 debut with Sauber in 2001 while Charles Leclerc, 20, a Ferrari protege, is still in his rookie season.