News Details
Force India co-owner Sahara looks to sell stake
XPB Images
The Sahara Group has requested permission from India's Supreme Court to sell its 42.5% stake in Force India. It was reported on Tuesday that the group - whose chairman Subrata Roy was jailed in 2014 for failing to repay £2.45billion to investors - has requested to sell its stake in the team as well as four aircraft and multiple hotels including London's Grosvenor House in an attempt to raise significant funds towards clearing the Indian conglomerate's debts. Sahara purchased its stake in Force India in October 2011, paying £63million ($100m) as the team was re-named Sahara Force India. Vijay Mallya also owns 42.5% of the team, while the remaining 15% is owned...
Full Story »
Full Story »
You May Also Be Interested In...
Sahara set to sell its 42.5 per cent stake in Force...
Indian conglomerate Sahara India Pariwar is set to sell its stake in the...
10y ago from GrandPrixTimes.com
Force India set to lose co-partner Sahara
Force India is set to lose Sahara as one of its partners, with the Indian...
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
Force India signs Mazepin as development driver
Russian racer Nikita Mazepin has joined the ranks of the Force India...
10y ago from Motorsport.com
Elsewhere On The Network
Popular On MGPToday.com
KTM riders say top speed advantage has disappeared in...
No description available...
5h ago from Motorsport.com
What the concessions system will look like in MotoGP's...
No description available...
9h ago from Motorsport.com
Pedro Acosta explains what KTM needs to close the gap...
No description available...
1d ago from Motorsport.com
The weakness behind Marco Bezzecchi’s dominant...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Kyle Kirkwood speeds to the top in second Long Beach...
The NTT IndyCar Series held its second practice session on the streets of...
1h ago from MotorsportWeek.c...
Andretti lights up IndyCar Long Beach practice, Will...
The field of 25 drivers in the NTT IndyCar Series roared out of a...
21h ago from MotorsportWeek.c...
Will Power says father wrestling gunman was "just...
No description available...
22h ago from Motorsport.com
O'Ward: F1 has become an "artificial" show,...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Ott Tanak lands 2027 WRC car testing role with Toyota
No description available...
1d ago from Motorsport.com
Thierry Neuville wants to "make everyone proud...
No description available...
1d ago from Motorsport.com
The Rally1 rookie proving he belongs in the WRC top...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Manchester City vs Arsenal: Six things to watch in...
This is the big one – it's Manchester City vs Arsenal at the Etihad...
27m ago from CaughtOffside.com
'Final decision tomorrow' – Arsenal star given...
Arsenal captain Martin Odegaard could reportedly have a chance of playing...
2h ago from CaughtOffside.com
Report: PSG chief holds transfer talks with surprise...
Paris Saint-Germain chief Luis Campos has reportedly held surprise talks...
1h ago from CaughtOffside.com
Man City lead Arsenal in race to sign 'fantastic' star...
Manchester City reportedly lead Arsenal in the race for the transfer of...
3h ago from CaughtOffside.com
Comments
Hottest News
Max Verstappen reacts to tragic Nurburgring crash which...
Max Verstappen says he was 'shocked' by... Read More »
47m ago from GPFans.com
Max Verstappen leaves rivals stunned after creating...
Max Verstappen has left his Nurburgring rivals... Read More »
3h ago from GPFans.com
One driver dead after horror crash stops Max Verstappen...
Tragedy struck the Nurburgring on Saturday... Read More »
2h ago from GPFans.com
