Rich Energy, an energy drinks company, has made £100-million ($133-million) bid to takeover Force India from embattled business tycoon Vijay Mallya and his associates but the buy-out has been delayed as guarantees with creditors, including Mercedes, have to be negotiated, agreed and formalised. Rich Energy chief executive William Storey (in photo above on the right with Mika Hakkinen) told The Telegraph that the deal is agreed in principle despite what he cited as “external moves to destabilise” the takeover while hinting that an announcement to this effect is expected this week. Force India has been available for purchase for some time now as Mallya's legal issues mount, the asking...
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