News Details
EXCLUSIVE – Diageo Claim Force India F1 Team Ownership
Diageo, parent company of Johnnie Walker, in its 2015 annual report has documented an ongoing debt dispute with Dr Vijay Mallya within which the Force India F1 team has been listed as a collateral asset valued in the region of £81 Million. It is not clear if this valuation represents the 57.5% ownership Dr Vijay Mallya holds or if it is the entire team. The dispute, documented below, relates to debts made apparent through due diligence carried out by Diageo subsequent to their taking ownership of Dr Vijay Mallya’s United Breweries Limited (UBL) in 2013. Diageo are seeking to recover the value of these debts from Dr Vijay Mallya. In June this year a court ruled in favour of Diageo...
Full Story »
Full Story »
10y ago from JWGrandPrix.com
0
You May Also Be Interested In...
Opinion – Formula Finances
As teams prepare for the final qualifying session of the season, what...
10y ago from JWGrandPrix.com
Hype'd Force India Impress in Free Practice
Nico Hulkenberg (GER) Sahara Force India F1 VJM08 leaves the pits. Abu...
10y ago from JWGrandPrix.com
Lewis '44th win is still out there'
Record-Breaking Night for the Silver Arrows in Abu Dhabi! Nico...
10y ago from JWGrandPrix.com
Sergio Shines under the Yas Marina lights
Sergio Perez (MEX) Sahara Force India F1 VJM08. Abu Dhabi Grand Prix,...
10y ago from JWGrandPrix.com
Elsewhere On The Network
Popular On MGPToday.com
Inside Marc Marquez’s new approach to racing after...
No description available...
7h ago from Motorsport.com
‘A World Champion cannot do a mistake like that'...
Aprilia CEO Massimo Rivola admits he “would not disagree” if Jorge...
1d ago from MotorsportWeek.c...
MotoGP confirms Aragon to remain on calendar for 2027...
MotoGP has announced that Motorland Aragon will host a race in 2027,...
1d ago from MotorsportWeek.c...
Why the one-bike proposal has left the entire MotoGP...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Myles Rowe: Historic Indy NXT Win at WWTR proves ‘I...
No description available...
23h ago from Motorsport.com
Winners and losers from the IndyCar race at World Wide...
No description available...
2d ago from Motorsport.com
Josef Newgarden did not know Christian Rasmussen...
Josef Newgarden won Sunday night’s thriller at World Wide Technology...
2d ago from MotorsportWeek.c...
Official race results: IndyCar 2026 at WWT Raceway
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Sebastien Loeb to make traditional stage rallying...
No description available...
4h ago from Motorsport.com
Hayden Paddon eyes WRC gravel opportunity with...
No description available...
6d ago from Motorsport.com
Hyundai drivers relieved asphalt WRC season is over...
No description available...
1w ago from Motorsport.com
Oliver Solberg highlights area he must “work on”...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Update: Real Madrid given answer on Arsenal star as...
Real Madrid have reportedly switched their focus to Manchester City...
2h ago from CaughtOffside.com
From Italy: Arsenal make approach over potential 50m...
Arsenal are reportedly interested in Roma midfielder Manu Kone and have...
7h ago from CaughtOffside.com
Just in: Arsenal contacted by intermediaries to sign...
Arsenal have been made aware of Marcus Rashford’s availability as...
8h ago from CaughtOffside.com
22 G/A this season: Arsenal preparing offer for 50m...
Arsenal are reportedly looking to strengthen their attack with the...
6h ago from CaughtOffside.com
Comments
Hottest News
Engine changes and shorter races - F1 will look very...
The FIA and Formula 1 have unveiled a series of... Read More »
3h ago from GPFans.com
F1: Just the beginning, vows Hamilton
As he moves into second in the world... Read More »
1h ago from Pitpass.com
F1: Verstappen 'surprised' by AUDO assessment
Four-time world champion, Max Verstappen, admits... Read More »
1h ago from Pitpass.com
