News Details
Mallya gets $75 million payout and keeps F1 team
Force India boss and co-owner Vijay Mallya will receive $75 million to walk away from a company. United Spirits, the flagship of the United Breweries company Mallya took over from his late father, will pay the 60-year-old US $75 million to exit after an acrimonious fight with Diageo. Diageo, the alcohol multinational, had fought with Mallya since taking a controlling stake in United Spirits. But Mallya will now receive EUR 40 million immediately and the rest in instalments, while Diageo has agreed to also extended Smirnoff's $15 million per season sponsorship of the Force India team for five more years. 'The time has now come for me to move on and end all the publicised allegations and...
Full Story »
Full Story »
9y ago from GrandPrix247.com
0
You May Also Be Interested In...
Force India boss gets $75m, F1 sponsor deal, in...
Force India boss gets $75m, F1 sponsor deal, in company split Vijay...
9y ago from ThisIsF1.com
Force India secure 5 year Sminoff agreeement
The Sahara Force India Formula One team have secured a 5 year agreement...
9y ago from JWGrandPrix.com
Sainz: We thought we wouldn't make the test
Toro Rosso's Carlos Sainz has admitted that the team believed they would...
9y ago from FormulaSpy.com
McLaren Honda Announces 10-year partnership with...
McLaren Honda announced a ten year partnership with luxurious watch brand...
9y ago from FormulaSpy.com
Elsewhere On The Network
Popular On MGPToday.com
Takaaki Nakagami fills in for injured Luca Marini at...
No description available...
14h ago from Motorsport.com
Toprak Razgatlioglu shares his ‘biggest dream'...
Following the announcement of Toprak Razgatlioglu's move to MotoGP in...
1d ago from MotorsportWeek.c...
Why Marc Marquez stressed his Ducati is identical to...
No description available...
2d ago from Motorsport.com
The consequences of Toprak Razgatlioglu's arrival in...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
Will Power leads Team Penske to IndyCar pole at Gateway
World Wide Technology Raceway was the site of qualifying on Saturday...
1h ago from MotorsportWeek.c...
IndyCar Gateway – Qualifying Results
The first short oval race of the season is on tap this weekend, and a...
28m ago from MotorsportWeek.c...
Newgarden tops rain-affected IndyCar practice from...
IndyCar finally was able to complete its first practice session of the...
4h ago from MotorsportWeek.c...
Rain delays start of IndyCar’s Gateway weekend
The first practice session of IndyCar’s weekend at World Wide...
8h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
1d ago from Motorsport.com
FIA approves updated bodywork rules for WRC 2027...
No description available...
4d ago from Motorsport.com
Amid losing streak, Hyundai accepts “consequences”...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
'I think Arteta would really consider' - Pundit claims...
Football pundit Tony Cascarino believes Arsenal manager Mikel Arteta might...
2h ago from SportsKeeda.com
Arsenal launch late move to hijack Barcelona's move...
Arsenal have reportedly launched a move to hijack Nico Williams' move to...
5h ago from SportsKeeda.com
Viktor Gyökeres ready to snub Manchester United for...
t;li>Sporting striker wants to play in Champions LeagueMikel Arteta...
6h ago from TheGuardian.com
Arsenal have advantage in their pursuit of 27-year-old...
Arsenal have been handed a major boost in their pursuit of the Sporting CP...
11h ago from CaughtOffside.com
Comments
Hottest News
George Russell pips Max Verstappen to F1 Canadian GP pole...
George Russell edged Max Verstappen to pole... Read More »
2h ago from MotorsportWeek.com
FIA announce harsh McLaren penalty verdict after Oscar...
The FIA have announced a harsh penalty verdict... Read More »
15h ago from GPFans.com
Max Verstappen ‘pissed off’ at ‘childish’ questions...
Max Verstappen voiced his frustration in Canada... Read More »
1h ago from MotorsportWeek.com
