Force India F1 team rule out name change this year
Team co-owner Vijay Mallya said in a statement on Tuesday that the deal, which will make the cars stand out at the Australian season-opener next week, is one of the most significant partnerships in Force India's 10-year history.
Mallya is the first Indian ever to become the owner of a Formula One Team. The Netherlands-based Mol Family and Mallya have formed a consortium that is now the joint owner of Force India Formula One, which is also India's first-ever Formula One Team and represents India's first, truly global sports foray.
Media reports this week suggested that British energy drink firm Rich Energy was leading a consortium seeking to purchase the Silverstone-based team for 200 million pounds ($278.66 million).
Force India are hoping Nico Hulkenberg's triumph at the Le Mans 24 Hours race will have a knock-on effect for them at next weekend's Austrian Formula One Grand Prix.
Force India set their sights on breaking into Formula One's top three at the launch of their new car on Wednesday and hit back at suggestions that they lack the budget to match the manufacturers in a spending 'arms race'.
There has been speculation within Formula One that Lawrence Stroll, the billionaire father of Canadian driver Lance, is willing to invest in Force India as part of a move for his son from Williams.
In a rare appearance since shifting base to the United Kingdom, troubled Indian businessman Vijay Mallya was seen having a good time in London as he watched the Indian Premier League final between Royal Challengers Bangalore and Sunrisers Hyderabad on Sunday. In a video gone viral, Mallya senior is seen having a gala time with his son Siddharth along with a few others. The video was posted by Siddharth as he watched the IPL final with his father. Siddharth also mentions about Force India's third place finish in the Monaco Grand Prix, which also took place on Sunday. "Here we are, watching together from London. It doesn't get better than Sergio Perez getting a podium (for Mallya co-owned Force India). Hopefully we can add to what has been an epic day of sports so far," says Mallya junior in the video as he catches the IPL action with his father on the big screen.
It is high time the Indian government signalled discomfort with the UK providing refuge to those accused of financial crimes in India, states Jaimini Bhagwati.
RPG Enterprises Chairman Harsh Goenka thinks aloud about what Vijay Mallya could or should do to get out of the current mess.
Mexican Sergio Perez and Germany's Nico Hulkenberg are staying at Force India next season, the Formula One team's co-owner Vijay Mallya told Reuters. "I can confirm that both the drivers are signed up for 2017," Mallya said at the British Grand Prix. "They are a fine pair, both absolutely top class. I've never believed in 'pay drivers' where talent or ability is compromised," he added.
Formula One is due to go through a major technical overhaul next season, with wider wheels and chassis, and a more aggressive look with revised aerodynamics aimed at making the cars faster and harder to drive.
After being forced to resign as chairman of MCF, Mallya is now keen on increasing his stake in the company
Vijay Mallya faces a sensitive diary clash this week as the season-opening Australian Formula One Grand Prix coincides with an appointment to appear before Indian investigators.
Amidst strong speculations that Nico Hulkenberg will leave Sahara Force India to join Sauber for the next season, Team Prinicpal Vijay Mallya on Sunday said he will reveal the drivers' line-up next month.
Troubled business tycoon Vijay Mallya, on Sunday, asserted that his stepping down as chairman of the United Spirits Ltd will not affect his control in Formula One team, Sahara Force India.
Troubled Force India co-owner Vijay Mallya dismissed speculation of a possible sale of his team to Australian David Brabham or Formula One's former commercial supremo Bernie Ecclestone.
Adrian Sutil could be in the frame for a return to Force India and Formula One if fellow-German Nico Hulkenberg moves to Sauber next season, according to team co-owner Vijay Mallya.
Force India will take action against their German driver Adrian Sutil only if he is formally charged with assault, the Formula One team's owner Vijay Mallya said on Thursday.
British-based Force India, who have Mexican Sergio Perez and Germany's Nico Hulkenberg confirmed as drivers for 2016 and use Mercedes engines, contract out much of their chassis work to keep costs down.
Force India has been re-named Sahara Force India after the Sahara Group bought stake in the Vijay Mallya-owned Formula One team. As per the agreement between the parties, Sahara Group and Mallya's UB Group will have 42.5 percent stake each in the team.
Co-owner Vijay Mallya resigned as a director of the Force India Formula One team but will continue to serve as principal and shareholder.
The Indian businessman, who has a 42.5 percent stake, said there was a possibility of main sponsor BWT getting more involved and changing the team's name.
Caterham (formerly Team Lotus), its Chief Technology Officer Mike Gascoyne and Aerolab have been found liable for copyright infringement and using confidential information of Formula One team Force India at the London High Court.
Force India Formula One team boss Vijay Mallya feels beating McLaren for fifth spot in the team standings will be a 'big task' in the remaining four races of the season.
Within the next fortnight Adrian Sutil and Paul di Resta will know whether they continue to remain Force India drivers next season or not, as Team Principal Vijay Mallya said he is due to convey his decision to the duo before next month's Abu Dhabi Grand Prix.
Force India owner Vijay Mallya has reminded feuding factions inside his Formula One team that, even if he sees no need to bang heads together, he pays the bills and calls the shots.
Force India's co-owner Vijay Mallya has rubbished speculation that he is planning to sell his stake in the Formula One team to Sahara India.
Force India expect Paul Di Resta to stay with them next season but would be understanding if the highly-rated British Formula One driver wanted to move elsewhere, team owner Vijay Mallya said on Thursday.
Embattled Force India co-owner Vijay Mallya will not be attending Sunday's Spanish Grand Prix but he is hoping for a change of fortune on the track at least for his Formula One team in Barcelona.
The double finish in the season-opening Australian Grand Prix on Sunday ticked all the boxes barring aerodynamics and Force India is just a few refinements away from its maiden Formula One points, owner of the Silverstone-based outfit Vijay Mallya said. Mallya said reliability was his main concern coming into the 2009 session but the Australian Grand Prix dispelled all fears and aerodynamic development is all the VJM02 needed to break the duck.
A court warrant in India against billionaire Vijay Mallya over his airline business has no repercussions for his Force India Formula One team, deputy principal Bob Fernley said on Sunday.
Force India team owner Vijay Mallya believes his team can recover from the disastrous showing in 2008 and aim to regularly score points in the upcoming Formula One season.
Force India co-owner Vijay Mallya reminded drivers Sergio Perez and Esteban Ocon that the team must take priority after a collision at the Azerbaijan Grand Prix wrecked hopes of a first win in Formula One.
Sahara Force India team principal Vijay Mallya was a satisfied man after his team achieved the target of registering points in the inaugural Indian Grand Prix with Adrian Sutil managing to bring home the car inside the top 10 bracket, in Greater Noida, on Sunday.
Force India principal and co-owner Vijay Mallya has silenced any further talk of a Formula One boycott, saying his team never intended to do anything other than race.
Speaking to reporters Mallya said, "It will all become clear in court".
The administration was triggered by Force India's Mexican driver Sergio Perez, supported by engine provider Mercedes and team sponsor BWT who were also owed money by a team struggling financially.
Force India co-owner Vijay Mallya has rejected speculation about his Formula One team's finances, saying they will be racing for years to come.
The team, who became Force India in 2008 after Indian beer baron Vijay Mallya bought Spyker F1, were taken over in August by Canadian billionaire Lawrence Stroll after going into administration.
