News Details
Force India insulated from Mallya - team
LONDON, Feb 14, 2013 (F1plus/AFP) - Force India insisted Thursday its Grand Prix team would be able to carry on despite co-owner Vijay Mallya's financial problems. Shares in Indian businessman Mallya's debt-laden Kingfisher Airlines plunged Wednesday after banks said they would start recalling loans worth $1.5 billion. The liquor baron is, though, expected to recoup funds from the $2 billion sale of a majority stake in India's United Spirits but the deal must still clear regulatory hurdles. Despite its name, the Force India Grand Prix team is based at the nerve centre of British Formula One at the Silverstone track in central England. And deputy team principal Bob Fernley...
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13y ago from F1Plus.com
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