F1 » Force India denies 'crisis' speculation


Force India denies reports in the Italian media that the team is 'in crisis' and 'could collapse' because of financial issues surrounding Vijay Mallya

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richard

January 18, 2013 8:23 PM

the magazine has been right before, so is it right now? remember, there is no smoke without fire! mallya is in deep trouble and has been for some time. remember the proposed strike by employees of his airline in india? it was called off as he promised to pay them, but appartently they still have not been paid.

it would be sad to see any midfield or top team being forced off the track, but we really need to see something positive from the team. how about announcing your drivers, for a start?

blublz

January 18, 2013 10:28 PM

German media source MotorSport-Total dot com claims they have information that there is a concrete offer on the table to buy Force India, and it is awaiting a response from Vijay Mallya and his co-investors.
. . .
thejudge13

Rivi - Unregistered

January 19, 2013 4:27 AM

It's natural people think that because Vijay has a struggling business in his stable that all his others are in jeopardy but there is no evidence at all for this. They are all separate entities.

5 years ago Spyker were at the back of the grid often failing to finish race. Now Force India is locked in an intense midfield battle with team like Williams who have won the championship. They have been the most imprved team over the last few years because they have had the finances to back them and they are well managed. Think people should get off their back and applaud what they have brought to F1 - colour, vibrancy, consistency and genuines point scoring potential

Ambik - Unregistered

January 19, 2013 6:09 AM

Why its always concluded that since Mr. Mallya's KFA business in trouble hence SFI is in trouble too? He only has 42.5% stack in SFI with Sahara having the other 42.5% from the start of 2012 season. The SFI board has recently approved a sum of 50 million pound,they have announced there car launch. Why would it suddenly come into crisis? The news should make some sense and the GMM report should be brought down to the books for spreading such unreliable info over the net.

sodesu - Unregistered

January 19, 2013 9:40 AM

Yes, you're right of course. But I guess you could say s**t happens - if you have one business that's so poorly run it's been banned from operating and hasn't paid its own employees for moths, then maybe you just have to deal with the fact that people are going to speculate that your other businesses may not be flawlessly managed either.

elijah

January 20, 2013 9:09 PM

This is another reason why Hulkenberg's move to Sauber makes so much sense. How can any driver perform to their best if questions are being constantly asked about your teams financial security.

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