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By darwin dali
#279538
He's just full of poo: :rolleyes:

ESPNF1:
Indian conglomerate Sahara Group has acquired a 42.5% stake in Force India and will invest $100 million in the team, which is set to be renamed Sahara Force India.

Just last weekend Force India's co-owner and team principal Vijay Mallya issued an official statement saying he was shocked to read reports that he was selling the team, but on Wednesday he confirmed the news during a press conference with Sahara Group chairman Subrata Roy in Delhi. Both Mallya and Sahara now own 42.5% of the team while the Mol family, which bought 50% alongside Mallya back in 2007 as part of a €88 million deal, has reduced its holding to 15%.

"I am delighted to welcome Saharasri Subrata Roy Sahara as Chairman of Sahara Force India," he said. "It has indeed been a matter of pride for me to put India on the F1 map with Force India and raise the performance of the team to its current levels. The Sahara Group has played a very important role in the development of sport in the country and is an ideal partner to take the Force India F1 Team to greater success in the Formula One world championship."

Sahara has business interests in property, media and tourism, and owns the IPL cricket team Pune Warriors India. Roy said he was proud to be a part of India's only F1 team.

"India is reaching new heights in all spheres, including sports," he said. "Formula One car racing has always remained a bastion of the western world. The advent of India in this exciting sport has remained a matter of pride for all our countrymen. I feel doubly proud that Sahara is the co-owner of India's only F1 team and I am sure that through the Sahara Force India F1 Team, we will together bring pride and laurels to our beloved nation."
By Hammer278
#279546
Most businessmen are.
By tpherson
#279590
He still owns 42.% percent. Doesn't sound like he sold the team, sounds like he brought in a new business partner with deep pockets.

Perhaps its just sematics to you, but I bet he sees it differently.
By What's Burning?
#279591
a sandy colored car with green and orange trim for next year?
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By stonemonkey
#279599
He's just full of poo: :rolleyes:
.......


Phew, thought it was gonna be a pic of him in a thong.

Most businessmen are.


Yes. Those in F1 are definitely no exception.
By andrew
#279604
Plus he's only sold 42% so the team was never for sale. Just part of it. Mr Mallya's honesty remains intact. :D
By Tucan
#280633
I don't actually believe in the management skills of Vijay Mallya. Let's say I need a proof like for example Safara Force India fighting for the 5th place with Reanult Lotus next season.
By Hammer278
#280639
Really....well I think he has some serious skills to run a team in F1 which is not doing too badly. Are you an entrepreneur yourself? Where can I see your company? :wavey:
By andrew
#280641
I don't actually believe in the management skills of Vijay Mallya. Let's say I need a proof like for example Safara Force India fighting for the 5th place with Reanult Lotus next season.


Check the types and number of companies he is involved in. His management skills are sound. As for his F1 team, he's the money man. he pays people to look after the engineering side.
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By Hansy
#280668
He's done a goob job, Force India was a back-of-the-pack team before, now it's a solid midfield team and they're recruiting young, promising drivers, which is nice. Let's see what the future brings with this new association ^^
By Hamilonso
#280669
Where 99 percent of F1s newbie teams pack up and fold within 3 years Force india spent 3 years being THE botton team by a margin, finishing 22nd etc all the time, he stuck it out and his team is now a regular point scorer, with a pole in 2009 too.

I think hes done a great business job to keep it going and advance it.
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By darwin dali
#280676
Where 99 percent of F1s newbie teams pack up and fold within 3 years Force india spent 3 years being THE botton team by a margin, finishing 22nd etc all the time, he stuck it out and his team is now a regular point scorer, with a pole in 2009 too.

I think hes done a great business job to keep it going and advance it.

No they didn't - the only year that they sucked was their debut year 2008. After that they improved steadily with 2009 already a 2nd and 4th place to show for. And then the 3 new teams showed up and that made them a solid midfielder (apart of course from their improved performance).
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By madbrad
#280680
It is at once amusing and annoying to see someone join a forum and make a dumnb firs tpost like that, rather than the convention of introducing one's self in, I dunno, maybe a place like
viewforum.php?f=14

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