Vijay Mallya denies Force India is up for sale

2011 F1 season

Vijay Mallya, Force India, 2011

Mallya called team sale rumours 'completely untrue'

Vijay Mallya has strongly denied claims he is planning to sell his Force India Formula 1 team.

The team issued a statement from Mallya today saying: “I was shocked to read a media report that I am selling the Force India Formula 1 team.

“This is completely untrue and without any basis whatsoever. I take great pride in having been able to put an Indian team on the Formula 1 world championship grid and have worked very hard to greatly improve the performance of the team.

“Now that India is finally on the Formula 1 world championship calendar, my commitment to Force India becomes even stronger. As team principal, I will continue to run the team and I have no plans whatsoever to exit.”

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41 comments on Vijay Mallya denies Force India is up for sale

  1. BBT (@bbt) said on 7th October 2011, 19:50

    Sounds like a sale in the AIR to me. :-(
    Maybe not a majority stake.
    Really like what the team has achieved and the fact they give some potentially great drivers a chance.
    Will we see Di Resta and Hulk in Vijays team next session?
    That’s two questions one, the drivers and the owner ;-)

  2. manatcna (@manatcna) said on 8th October 2011, 0:16

    I may be wrong, but I thought I heard somewhere that he had sold his airline company

    • Dev (@dev) said on 8th October 2011, 6:56

      he did not sell his airline company, he ran two types of airline services Kingfisher Airlines & Kingfisher Red. he has stopped Kingfisher Red which was a low cost Airline. i understand that this low margin business is not where he wants his focus to be. Kingfisher Red was bought by Mallya few years ago, his Kingfisher Airline had not complete the required number of years of operation to start international Airline so he bought Deccan Airlines, renamed it Kingfisher Red & started international flights. Media has always been unfair to him when compared to other Airline companies owned by Gangsters of Govt.

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