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Force India not for sale, claims team boss Mallya

Force India's Vijay Mallya has denied reports that he is preparing to sell the team to another Indian businessman.
Force India owner Vijay Mallya has reacted with surprise at learning from the F1 paddock grapevine that he is supposed to be attempting to offload his shares in the team.

The Indian businessman acquired the former Jordan, Midland and Spyker outfit in 2007 and returned it to the position of above-average midfield runner and regular pointscorer, but rumours surfaced at Suzuka which suggested that he was looking to get out of F1 and pass the team on.

According to respected F1 journalist Joe Saward, Mallya is close to selling his shares in Force India team to another Indian businessman, Subrata Roy, who already has extensive interests in various sports, including national priorities cricket and hockey through his Sahara consortium. However, Mallya, who recently shutdown the budget arm of his Kingfisher Airlines operation in a bid to improve profitability, felt sufficiently aggrieved by the speculation to issue the following statement at the end of the opening day of action in Japan.

"I was shocked to read a media report that I am selling the Force India Formula One team," he claimed, "This is completely untrue and without any basis whatsoever.

"I take great pride in having been able to put an Indian team on the F1 world championship grid and have worked very hard to greatly improve the performance of the team. Now that India is finally on the F1 world championship calendar, my commitment to Force India only gets even stronger. As team principal, I will continue to run the team and I have no plans whatsoever to exit."

The timing of the rumour does indeed appear a little odd, with the inaugural Indian GP just three weeks away, and Force India having launched its drive to find national racing talent to follow in the footsteps of current F1 reserves Narain Karthikeyan and Karun Chandhok, but it will be interesting to monitor developments in the run-up to round 17 of the 2011 season.




Related Pictures

Click on relevant pic to enlarge
07.10.2011- Friday Practice 2, Adrian Sutil (GER), Force India F1 Team, VJM04
11.09.2011- Race, Paul di Resta (GBR) Force India VJM04
26.05.2011- Press conference, Vijay Mallya (IND), Chairman and Managine Director Force India
24.07.2014- Press conference, Kamui Kobayashi (JAP) Caterham F1 Team CT-04, Esteban Gutierrez (MEX), Sauber F1 Team C33, Marcus Ericsson (SUE) Caterham F1 Team CT-04, Jean-Eric Vergne (FRA) Scuderia Toro Rosso STR9, Sergio Perez (MEX) Sahara Force India F1 VJM07 and Pastor Maldonado (VEN) Lotus F1 Team E22
24.07.2014- Nico Hulkenberg (GER) Sahara Force India F1 VJM07
24.07.2014- Press conference, Sergio Perez (MEX) Sahara Force India F1 VJM07
24.07.2014- Press conference, Sergio Perez (MEX) Sahara Force India F1 VJM07
24.07.2014- Press conference, Sergio Perez (MEX) Sahara Force India F1 VJM07
24.07.2014- Nico Hulkenberg (GER) Sahara Force India F1 VJM07
24.07.2014- Nico Hulkenberg (GER) Sahara Force India F1 VJM07
24.07.2014- Force India Hospitality
24.07.2014- Sergio Perez (MEX) Sahara Force India F1 VJM07
24.07.2014- Sahara Force India F1 VJM07, detail
24.07.2014- Sahara Force India F1 VJM07, detail
24.07.2014- Nico Hulkenberg (GER) Sahara Force India F1 VJM07
20.07.2014- Race, Sergio Perez (MEX) Sahara Force India F1 Team VJM07
20.07.2014- Race, Nico Hulkenberg (GER) Sahara Force India VJM07
20.07.2014- Race, Nico Hulkenberg (GER) Sahara Force India VJM07

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TZ750 - Unregistered

October 07, 2011 9:27 PM

As long as the Untied Breweries ... the World's third largest in this buisness & doing good in India where one has to feed the ever growing population ... there is no need to worry. Only Mr. Mallya have to pray a third of them to get addicted to UB's King Fisher. He can not only sustain his current team, can also Run a second one in the future like Red Bull. One Complete Indian affair & the other being International one. I don't know about others, but Bernie would definitely love the idea of a Second King Fisher team. Cheers - TZ750.



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