Go Back   Team-BHP > Buckle Up > Motor-Sports > Int'l Motorsport


Reply
 
Thread Tools Search this Thread
Old 12th October 2011, 17:51   #31
BHPian
 
Join Date: Mar 2010
Location: Hyderabad
Posts: 103
Thanked: 16 Times
Default re: Mallya keen to sell Force India stake. EDIT : Confirmed! Sahara comes onboard

Wish Sahara buys enough stake and puts an Indian F1 driver in the race seat and hope that he will score a point or two. That will prove a point to the current owner and many in this forum who think that pay drivers are ruining the prospects of more talented drivers.

F1 is a big circus and there is nothing wrong in backing / sponsoring someone. Many of the top F1 drivers now were once pay drivers or started because they had some sort of backing or the other.

Having and Indian F1 driver in a decent car will increase the overall F1 interest in India, 2 times or 3 or 10 times maybe.

Is F1 the most important thing to have as an nation?

I for one would have opted for many more things before F1.
BheemBoy is offline   Reply With Quote
Old 12th October 2011, 20:00   #32
BHPian
 
AdityaLN's Avatar
 
Join Date: Jul 2010
Location: Bangalore
Posts: 80
Thanked: 19 Times
Default re: Mallya keen to sell Force India stake. EDIT : Confirmed! Sahara comes onboard

It's rumor no more. UB share prices shot up about 9% today because of the deal. According to Times now, Mallya will be selling only about 8% rest is sold by other co-owners.
AdityaLN is offline   Reply With Quote
Old 12th October 2011, 20:23   #33
Distinguished - BHPian
 
swiftnfurious's Avatar
 
Join Date: Sep 2009
Location: Chennai
Posts: 6,423
Thanked: 6,347 Times
Default re: Mallya keen to sell Force India stake. EDIT : Confirmed! Sahara comes onboard

So some more spice to the thread.
Quote:
Breaking: Sahara picks up 42% stake in Force India F1 team
More tweets from ODMAG.

Quote:
Force India is now Sahara Force India! VJM sells stake to Sahara Pariwar. VJM & Sahara own 42.5% of the team each"
Quote:
Sahara buys 42% in Force One, Mallya offloads 8 percent http://bit.ly/rpZmYH

Last edited by swiftnfurious : 12th October 2011 at 20:40.
swiftnfurious is offline   Reply With Quote
Old 12th October 2011, 20:48   #34
BHPian
 
Ardy's Avatar
 
Join Date: Jan 2009
Location: Hyderabad
Posts: 613
Thanked: 86 Times
Default re: Mallya keen to sell Force India stake. EDIT : Confirmed! Sahara comes onboard

The team is re-christened as "Sahara Force India".

Cheers,
Ardy is online now   Reply With Quote
Old 12th October 2011, 21:10   #35
BHPian
 
Skyline GT-R's Avatar
 
Join Date: Mar 2010
Location: Dubai
Posts: 594
Thanked: 198 Times
Default re: Mallya keen to sell Force India stake. EDIT : Confirmed! Sahara comes onboard

Force India re-named Sahara Force India - Rediff.com Sports
Skyline GT-R is offline   Reply With Quote
Old 12th October 2011, 21:21   #36
Senior - BHPian
 
libranof1987's Avatar
 
Join Date: Sep 2010
Location: All over!
Posts: 3,552
Thanked: 2,494 Times
Default re: Mallya keen to sell Force India stake. EDIT : Confirmed! Sahara comes onboard

It is surprising how quickly India has caught up with the world when it comes to making sports a business.

With IPL and now F1, we are on par with the "club-culture" wherein a team is owned by someone for pure financial reasons a la EPL etc.

With Pune Warriors and Sahara Force India (yuck!) Sahara seems to doing just the same; picking up franchisees just for the business value.

Mallya is doing no different but at least he is passionate about whatever he is doing; you find him on the ground during IPL and on the circuit during F1.

But of course, you can't clap with one hand; so Sahara bought the stake because someone wanted to sell it.

Interesting to see Mallya sell 8%; anything to do with maintaining equal ownership? (Sahara and Mallya will both have 42.5%).
libranof1987 is offline   Reply With Quote
Old 12th October 2011, 21:40   #37
MAS
Senior - BHPian
 
MAS's Avatar
 
Join Date: Oct 2007
Location: Chennai
Posts: 1,816
Thanked: 1,192 Times
Default re: Mallya keen to sell Force India stake. EDIT : Confirmed! Sahara comes onboard

Sale confirmed.

Force India re-named Sahara Force India - Rediff.com Sports

Vijay Mallya seems to be selling a lot of stakes in various companies. I hope it is not to fund his loss making airline.
MAS is offline   Reply With Quote
Old 13th October 2011, 07:48   #38
Senior - BHPian
 
khanak's Avatar
 
Join Date: Mar 2005
Location: Mumbai/Toronto
Posts: 2,735
Thanked: 127 Times
Default re: Mallya keen to sell Force India stake. EDIT : Confirmed! Sahara comes onboard

It isn't really a sale as much as taking on a new partner. Sahara and UB are now equal partners in the team with Sahara puttin in $100 million into the team.
khanak is offline   Reply With Quote
Old 13th October 2011, 09:40   #39
BHPian
 
PuntoMania's Avatar
 
Join Date: May 2011
Location: Pune
Posts: 211
Thanked: 219 Times
Default re: Mallya keen to sell Force India stake. EDIT : Confirmed! Sahara comes onboard

Lets hope this brings in more funding for the team. Its doing quite well since the past 2-3 years and FI is definitely among the top midfield teams (if not the best midfield team) since a while now, which is a great achievement.

It has decidedly gone ahead of Williams, employs a good set of engineers, and is a breeding ground for young talent in F1 like Sauber in the early 00s. Di Resta is definitely a driver to watch out for in the future, and Nico Hulkenberg is also a great catch.

Hopefully this new situation, where the Mol family has almost exited entirely, will finally bring in some Indian talent to this team in the form of engineers, design facilities etc.

Last edited by PuntoMania : 13th October 2011 at 09:41.
PuntoMania is offline   Reply With Quote
Old 13th October 2011, 11:44   #40
mgh
BHPian
 
Join Date: Jun 2010
Location: Bangalore
Posts: 395
Thanked: 33 Times
Default Re: Mallya keen to sell Force India stake. EDIT : Confirmed! Sahara comes onboard

The extra 100 million should help FI to compete with top three teams.
mgh is offline   Reply With Quote
Old 13th October 2011, 17:10   #41
BHPian
 
gtonsing's Avatar
 
Join Date: Apr 2011
Location: Bangalore
Posts: 289
Thanked: 66 Times
Default Re: Mallya keen to sell Force India stake. EDIT : Confirmed! Sahara comes onboard

all said and done, I think, like mgh mentioned, the 100 million will push more cash into the wind tunnel and engine develpment work and by same time next year, we should start seeing SFI (Sahara Force India - i dont think the name will stick) nudging the pole position-ers. Three Cheers for Force India!!!
gtonsing is offline   Reply With Quote
Old 13th October 2011, 17:20   #42
MCR
BHPian
 
Join Date: Aug 2009
Location: Yokohama, Japan
Posts: 709
Thanked: 185 Times
Default Re: Mallya keen to sell Force India stake. EDIT : Confirmed! Sahara comes onboard

Making money in F1 is not so easy. Look how top vehicle manufacturers (BMW, Toyota etc.) opted out. Its one thing to do something out of sheer passion and something else to sustain it in the long run. The times have not been good and getting funding is very difficult. Add to it , there is a rumour doing rounds that Sutil may move to Williams (Read - Loss in revenue).
MCR is offline   Reply With Quote
Old 13th October 2011, 18:12   #43
Senior - BHPian
 
MaserQ's Avatar
 
Join Date: Oct 2006
Location: Bangalore
Posts: 1,155
Thanked: 49 Times
Default Re: Mallya keen to sell Force India stake. EDIT : Confirmed! Sahara comes onboard

It will be interesting to see who will run the day-to-day affairs of the team. Will Mallya stay on as team boss or will we see a new appointment? Tricky situation with 2 major shareholders.
MaserQ is offline   Reply With Quote
Old 13th October 2011, 21:09   #44
Distinguished - BHPian
 
deetjohn's Avatar
 
Join Date: Sep 2006
Location: Kochi
Posts: 3,892
Thanked: 6,666 Times
Default Re: Mallya keen to sell Force India stake. EDIT : Confirmed! Sahara comes onboard

The current ownership structure

Sahara India Pariwar - 42.5%
UB - 42.5%
Michiel Mol - 15%

Vijay Mallya and Michiel Mol had bought the Spyker F1 team for 88 million back in Oct 2007.

3 years later, Mallya sells 42.5% stake at USD 100 million. Even though significant investment has gone into Force India and the team is leagues ahead of the erstwhile Spyker F1, it is good business from a financial point of view.

Now, they should do their best to hold on to Paul di Resta.
deetjohn is offline   Reply With Quote
Old 13th October 2011, 21:24   #45
mgh
BHPian
 
Join Date: Jun 2010
Location: Bangalore
Posts: 395
Thanked: 33 Times
Default Re: Mallya keen to sell Force India stake. EDIT : Confirmed! Sahara comes onboard

Don't think Sutil will move to Williams, as they do not have a better car than SFI, unless SFI ask him to leave. I feel that SFI should keep Sutil for one more year at least to help development of a better car.
mgh is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
Sahara Group to walk away from Force India? Tushar Int'l Motorsport 4 28th February 2016 12:28
Renault looks to acquire majority stake in Sahara Force India Aditya Int'l Motorsport 4 26th August 2015 08:45
Renault keen on MUV, sub-Rs 4 lakh car segment in India darklord The Indian Car Scene 6 21st November 2013 21:39
Sahara Force India Academy - 3 youngsters in the British Super One Championship jalsa777 Int'l Motorsport 1 4th May 2012 13:48
Force India lauched Force India Formula 1 Academy speedmiester Motor-Sports 3 19th August 2011 18:02


All times are GMT +5.5. The time now is 17:31.

Copyright 2000 - 2017, Team-BHP.com
Proudly powered by E2E Networks