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
Marc Marquez explains how injury recovery is delaying...
No description available...
6h ago from Motorsport.com
MotoGP Buriram test: Alex Marquez fastest on Day 1 as...
No description available...
9h ago from Motorsport.com
Francesco Bagnaia says “I just decided” on 2027...
No description available...
7h ago from Motorsport.com
Fabio Quartararo's gesture shows his growing...
No description available...
8h ago from Motorsport.com
Popular On IndyCarToday.com
Paddock optimism for IndyCar’s new independent...
Drivers in the NTT IndyCar Series are largely happy to see the series’...
3h ago from MotorsportWeek.c...
Mick Schumacher gaining confidence on ovals after...
No description available...
1d ago from Motorsport.com
IndyCar expanding global broadcasting presence for the...
No description available...
2d ago from Motorsport.com
IndyCar grows international broadcast offerings for...
The NTT IndyCar Series has announced that its already extensive global...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hyundai “realistic and optimistic” in mission to...
No description available...
5d ago from Motorsport.com
Oliver Solberg “didn’t deserve more than P4”...
No description available...
6d ago from Motorsport.com
WRC Sweden: Elfyn Evans storms to victory as Toyota...
No description available...
6d ago from Motorsport.com
Elfyn Evans wins Swedish showdown
Elfyn Evans and Scott Martin clinched victory on Rally Sweden which ended...
6d ago from MotorsportWeek.c...
Popular On GunnersToday.com
70m-plus-player bid prepared which threatens to derail...
Arsenal could reportedly be facing a very real threat to their hopes of...
7h ago from CaughtOffside.com
'It's more important for Arsenal' | Soccer Saturday...
Tim Sherwood and Clinton Morrison look ahead to the North London derby and...
7h ago from SkySports.com
Premier League club exploring deal to sign 19-year-old...
Nottingham Forest are reportedly eyeing Arsenal's young goalkeeper Tommy...
10h ago from CaughtOffside.com
23-year-old reveals he would 'love' to play for 'great...
Bayer Leverkusen attacking midfielder Malik Tillman has revealed that he'd...
12h ago from CaughtOffside.com
Comments
Hottest News
Shrewd Christian Horner decision could prove detrimental to...
Has a decision from former Red Bull F1 boss... Read More »
1h ago from GPFans.com
Lewis Hamilton F1 comeback is on! Ferrari insider decodes...
A Ferrari insider has shed light on the real... Read More »
2h ago from GPFans.com
Andrea Stella makes startling McLaren pace admission ahead...
Andrea Stella has made a startling admission on... Read More »
7h ago from MotorsportWeek.com
