News Details
Force India set to lose co-partner Sahara
Force India is set to lose Sahara as one of its partners, with the Indian conglomerate now planning to sell its stake in the Formula 1 team. The Sahara India Pariwar's founder and chairman Subrata Roy has been in jail since March 2014 due to a long-running investor fraud case back in India. In order to raise money that must be repaid to investors, the company approached the Supreme Court of India to sell assets - including its F1 stake, along with several hotels and four of its aircraft. The total value to be raised by the sale of the F1 shares, hotels, and aircraft is approx $441 million or Rs. 3,000 crores. Sahara had purchased 42.5 percent of shares in Force India back in 2011, worth...
Full Story »
Full Story »
10y ago from Motorsport.com
0
You May Also Be Interested In...
Pirelli: 'Maximum attack' meeting a good opportunity...
Pirelli believes next week's meeting in Italy with drivers and teams...
10y ago from Motorsport.com
Force India signs Mazepin as development driver
Russian racer Nikita Mazepin has joined the ranks of the Force India...
10y ago from Motorsport.com
Force India hire their own ‘Plucky Teen'
F1 News Force India hire their own ‘Plucky Teen' Ecclestone says no...
10y ago from Formula1Blog.com
Mazepin grabs Force India Development Driver role
Rising Russian star Nikita Mazepin has become the latest driver to be...
10y ago from TheCheckeredFlag....
Elsewhere On The Network
Popular On MGPToday.com
Shoulder injury pushes Marc Marquez into his...
No description available...
11h ago from Motorsport.com
Exclusive: Ai Ogura in, Alex Rins out at Yamaha for...
No description available...
1d ago from Motorsport.com
Guenther Steiner: MotoGP riders ‘need to be of a...
Tech3 KTM CEO Guenther Steiner has continued to share his admiration for...
2d ago from MotorsportWeek.c...
KTM backs “unlucky” Maverick Vinales to return and...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar representatives visit the Goiânia Raceway and...
No description available...
6h ago from Motorsport.com
Andretti confirmed to field just three cars for Indy...
Andretti Global has confirmed that the team will only run three cars in...
3d ago from MotorsportWeek.c...
AJ Foyt Racing adds Toby Sowery as reserve driver
No description available...
3d ago from Motorsport.com
Toby Sowery joins AJ Foyt Racing in IndyCar reserve...
AJ Foyt Racing has appointed Toby Sowery as the team’s reserve driver...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Thierry Neuville crashes out of Croatia lead in final...
A dramatic WRC Rally Croatia kept the biggest shock for the Wolf Power...
9h ago from MotorsportWeek.c...
Devastated Thierry Neuville vows to "come back...
No description available...
6h ago from Motorsport.com
WRC Croatia: Takamoto Katsuta wins after final stage...
No description available...
9h ago from Motorsport.com
Popular On GunnersToday.com
Watch: Manchester City fan brutally troll Arsenal...
Manchester City’s dominant 3-0 victory over Chelsea was more than just a...
1h ago from CaughtOffside.com
'Pitiful surrender-monkeys' - Piers Morgan reacts as...
Former England cricketer Kevin Pietersen couldn't help but celebrate as...
2h ago from SportsKeeda.com
'Some how balance the emotion' | How can Arsenal...
Gary Neville suggests Mikel Arteta and his team need to normalise their...
3h ago from SkySports.com
Comments
Hottest News
Mercedes F1 star Kimi Antonelli feeling the pressure after...
Italian F1 star Kimi Antonelli has vowed to try... Read More »
1h ago from GPFans.com
Max Verstappen's team-mate 'passes out' after gruelling GT3...
Verstappen Racing driver Jules Gounon was unwell... Read More »
2h ago from GPFans.com
Shock F1 star at centre of Max Verstappen replacement talks
Amid reports that Max Verstappen could retire... Read More »
6h ago from GPFans.com
