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|1st September 2007, 13:49||#1|
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vijay mallya from sponsorship to owning a team
this is the article in the mumbai mirror, wanted to share it with my fellow BHPIANS.
MODS if this arctile has to be altered or shifted elsewhere please do the needfull. thank you and sorry for the trouble.
INDIA is sure takeing the world by storm in all fields.
“Everything is possible,” Vijay Mallya said in a recent interview with a television channel with regards to the speculation around him buying out a team.
The statement comes from a man whose company was probably the first Indian company to sponsor a Formula One team — Benetton from 1996 to 1997 — and also the latest one with his Kingfisher Airlines finding place on the two Toyota TF107s for a figure rumoured to be around Rs 45 crores.
Mallya, who is also appointed by the Federation Internationale de L’Automobile (FIA) to merge the two motorsports bodies in India — the Federation of Motor Sports Clubs in India (FMSCI) and the Motorsports Authority of India(MAI), was also seen as the man who would bring Formula One to India till the Indian Olympic Association president Suresh Kalmadi made public a letter of intent by F1 supremo Bernie Ecclestone.
Interestingly, Mallya is not eyeing the Toyota team for a possible investment deal. The outfit is also the second-costliest team on the grid at the moment with a reported budget of $418.5m in 2006.
A look at the pitlanes throws up four teams for a possible buyout — Red Bull, Toro Rosso, Spyker and Super Aguri. The reason being that they are the only privately-owned teams on the grid.
The latest driver and team standings will help in a probable count out of Red Bull, which with 16 points are placed above manufacturers like Toyota (12) and Honda (1). Toro Rosso, though, are yet to take off on the points table can also be ruled out considering Red Bull’s backing..
That leaves Super Aguri and Spyker and both, interestingly, have been in financial troubles with at least one of the sponsors backing out recently. The Japanese team is already believed to be in active discussions with Spanish businessman Alejandro Agag, former owner of the F1 TV rights in Spain.
Meanwhile, Spyker Cars NV, the Dutch parent company of Spyker F1, had recently issued a statement about the company seeking additional funds. One of the alternatives, as mentioned in the statement, was said to be the sale of Spyker F1 team.
Whether Mallya’s acumen chooses to go Dutch or Japanese, only time will tell. But the presence of an Indian entity in Formula One would do wonders for the sport in the country.
Last edited by speedy : 1st September 2007 at 13:56. Reason: unwanted part
|1st September 2007, 14:00||#2|
Join Date: Mar 2006
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These are times when searching the forum comes to help. There's another thread discussing the same matter.
Now you may also request the Mods to merge both these.
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