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...
9y 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...
9y ago from Motorsport.com
Force India hire their own ‘Plucky Teen'
F1 News Force India hire their own ‘Plucky Teen' Ecclestone says no...
9y ago from Formula1Blog.com
Force India signs Mazepin as development driver
Russian racer Nikita Mazepin has joined the ranks of the Force India...
9y ago from Motorsport.com
Elsewhere On The Network
Popular On MGPToday.com
Fernandez set for return in Thailand MotoGP test after...
No description available...
2h ago from Motorsport.com
Marquez recorded first Ducati MotoGP crash after 780km...
No description available...
3h ago from Motorsport.com
Bagnaia 50-50 on new Ducati MotoGP engine amid...
No description available...
5h ago from Motorsport.com
What to expect from Honda in the 2025 MotoGP season
As the 2025 MotoGP season approaches, a new era is dawning for Honda, who...
4h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Conor Daly thinks IndyCar should race in Mexico and...
No description available...
1d ago from Motorsport.com
Andretti Global shows off new liveries for 2025...
Andretti Global has revealed a trio of new liveries for the team’s cars...
3d ago from MotorsportWeek.c...
Penske President Tim Cindric to reduce leadership role
Team Penske announced on Friday afternoon that long-time President Tim...
5d ago from MotorsportWeek.c...
Zak Brown: IndyCar "should slipstream on the back...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Fourmaux to keep ‘head on shoulders’ after...
No description available...
1w ago from Motorsport.com
Solberg handed penalty for drifting on Monaco GP...
No description available...
1w ago from Motorsport.com
The five big takeaways from the WRC Rally Monte Carlo
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Mikel Arteta must refocus Arsenal’s mammoth task...
ager must put semi-final loss to Newcastle behind them with depleted squad...
1h ago from TheGuardian.com
Arsenal and Liverpool keeping tabs on 23-year-old star...
No description available...
2h ago from SportsKeeda.com
Eddie Howe reveals Newcastle targeted 2 key Arsenal...
No description available...
1h ago from SportsKeeda.com
Real Madrid hold talks with 60m rated star wanted by...
No description available...
1h ago from SportsKeeda.com
Comments
Hottest News
Aston Martin unveil STUNNING 2025 car design after Newey...
Aston Martin have unveiled a new challenger for... Read More »
9h ago from GPFans.com
Sainz ‘hair-raising’ confession leaves Williams boss...
Carlos Sainz has officially settled into life at... Read More »
8h ago from F1i.com
Hamilton honors Mercedes staff with special 3,000-piece gift
Lewis Hamilton's 12-year reign with the... Read More »
37m ago from F1i.com
