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Mallya stands down as Force India director
Embattled business tycoon Vijay Mallya has stood down from his role as director of Force India but will remain a shareholder and Team Principal of the Formula 1 team Mallya was part of a consortium that bought the Spyker team in 2007 and subsequently renamed it to Force India. Since then, the team have gone from strength to strength, peaking with fourth place in the Formula 1 constructors’ world championship in the last two seasons. On Thursday, it emerged in a UK Companies House Termination of Director Appointment document that Mallya stepped down from his role on the board but remains at the helm of the team and remains a co-owner, along with Subrata Roy and the Mol family. After six...
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8y ago from GrandPrix247.com
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