Twitter
Advertisement

Force India F1 team play down sale speculation amid Vijay Mallya scam

Force India drivers, Sergio Perez and Esteban Ocon, will test their new car at Circuit de Catalunya next week

Latest News
article-main
Force India's French driver Esteban Ocon drives during the first practice session at the Circuit de Catalunya on May 12, 2017 in Montmelo on the outskirts of Barcelona ahead of the Spanish Formula One Grand Prix.
FacebookTwitterWhatsappLinkedin

Force India on Thursday played down talk of a potential sale of the British-based Formula One team owned by embattled tycoon Vijay Mallya.

"Following recent media reports speculating on the sale of Force India Formula One Team Limited, the company's shareholders wish to clarify that there is no offer from potential investors under consideration," the team said in a statement.

Force India have finished fourth in the championship for the past two seasons despite Mallya's financial difficulties and problems with the Indian government.

Mallya is fighting a request to extradite him from Britain to face fraud charges in India related to the collapse of his Kingfisher Airlines.

The beer and spirits mogul, once a billionaire, has not left Britain since March 2016.

Media reports this week suggested that British energy drink firm Rich Energy was leading a consortium seeking to purchase the Silverstone-based team for £200 million ($278.66 million).

Mallya has talked previously of changing the team's name to make it more attractive to potential sponsors.

Force India, whose drivers are Mexican Sergio Perez and Frenchman Esteban Ocon, said their 2018 VJM11 car would be unveiled at Barcelona's Circuit de Catalunya next

Monday, shortly before the start of pre-season testing.

The first race is in Australia on March 25.

Find your daily dose of news & explainers in your WhatsApp. Stay updated, Stay informed-  Follow DNA on WhatsApp.
Advertisement

Live tv

Advertisement
Advertisement