2014 F1

Force India plays down Mallya’s troubles

Formula One World Championship, Rd17, Indian Grand Prix, Buddh International Circuit, Greater Noida, New Delhi, India, Qualifying, Saturday 27 October 2012.
Force India has played down this week’s alarming news from India about team supremo Vijay Mallya.

Amid the decline of his airline Kingfisher, the former billionaire was declared a ‘wilful defaulter’ by the public sector lender the United Bank of India, meaning he will lose his director positions and be unable to borrow money.

An insider explained: “Any company in which they are directors, those companies would be affected.”

And the very latest news is that India’s supreme court rejected Mallya’s petition challenging the ‘wilful defaulter’ tag, causing some to wonder if the 58-year-old’s entire empire could begin to crumble.

The chief of Force India’s title sponsor Sahara, Subrata Roy, is currently in jail on financial charges, but a team spokesperson has played down the effect Mallya’s latest troubles will have on the Silverstone based outfit.

“The team will not be affected in any way,” the spokesperson told PA Sport. (GMM)

ThisisF1.com is not affiliated with Formula 1, Formula One Management, Formula One Administration, Formula One Licensing BV or any other subsidiary associated with the official Formula One governing organizations The website is an unofficial website, all names and logos used here are property of their respective owners, more specially FORMULA 1, FORMULA ONE, F1, GRAND PRIX and logos and the wide Curves logo are trademarks of Formula One Licensing BV, a Formula One Group Company. Use or depiction of images or trademarks throughout this website is for illustrative and editorial purposes only. Official Formula One information can be found at www.formula1.com
September 2014
« Aug   Oct »

Copyright © 2015 Thisisf1.com

To Top