Force India open to offers but there are none at present: Vijay Mallya
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SILVERSTONE, ENGLAND: Force India’s shareholders would consider serious offers for the Fo
rmula One team, but there are none at present, according to co-owner Vijay Mallya.
The Indian businessman, who has a 42.5% stake, said there was a possibility of main sponsor BWT getting more involved and changing the team’s name.
“If somebody comes along and wants to pay an attractive price for anything, you have to put your commercial hat on and think about it commercially, not emotionally,” Mallya said at the British Grand Prix.
“I can’t comment on the status of offers or discussions. But there is no agreed offer on the table backed by cash.”
Mallya is fighting in court against extradition to India on fraud charges. His difficulties and those of co-owners Sahara Group have triggered speculation about the team’s future.
But Mallya insisted they had no bearing on the day-to-day running of the team.
India’s Sahara conglomerate has been ordered to repay billions of dollars to investors in bonds that were ruled to have been missold
The Indian businessman, who has a 42.5% stake, said there was a possibility of main sponsor BWT getting more involved and changing the team’s name.
“If somebody comes along and wants to pay an attractive price for anything, you have to put your commercial hat on and think about it commercially, not emotionally,” Mallya said at the British Grand Prix.
“I can’t comment on the status of offers or discussions. But there is no agreed offer on the table backed by cash.”
Mallya is fighting in court against extradition to India on fraud charges. His difficulties and those of co-owners Sahara Group have triggered speculation about the team’s future.
But Mallya insisted they had no bearing on the day-to-day running of the team.
India’s Sahara conglomerate has been ordered to repay billions of dollars to investors in bonds that were ruled to have been missold