F1 » Mallya’s Kingfisher on verge of collapse


One of Force India boss Vijay Mallya's business interests is in serious trouble, but sources insist team is safe.

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Oldtimer - Unregistered

February 15, 2013 9:03 AM

How long will it be before Force India is forced to close it's doors, F1 is in a precarious place at the moment with Caterham and Marussia dropping paid drivers and several teams appearing to have severe financial problems. Had the cost cutting mooted by Mad Max Mosley actually happened F1 might now be in a stronger position. Perhaps Bernie will wake up one day and realise that the thing that has lined his pockets to the tune of billions of pounds is a wounded animal and needs to be nurtured to bring it through the current crisis.
However I don't see much changing, the rich get richer and the rest be damned.

BMFBW - Unregistered

February 15, 2013 12:43 PM

If Force India are forced to **** down, it won't be Bernie's fault.
However, i still belive Bernie's making everything TOO ****ING EXPENSIVE!!!!!!!!! :P

Luke - Unregistered

February 15, 2013 3:28 PM

Its called a trust, separates your money from anything you owe so your personal income can't be touched in situations like this, any person with a brain would have one if owning such large assets like mallaya.

JACKBEE

February 15, 2013 7:44 PM

Luke.....So that makes it right does it?

Sod everyone else that loses money, just so long as you are covered. A lady in India committed suicide because Kingfisher Airlines financial problems left her in a terrible financial position, and no, she wasn't some savvy investor just the wife of an engineering employee.

She had no special "trust" to hide behind.

Luke - Unregistered

February 15, 2013 11:23 PM

@jackbee its logical to make a trust as when you own such large companies you are at big risk of litigation and this limits what can be taken from you, anyone can make one i wouldn't hate the player, hate the game.

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