News Details
EXCLUSIVE – Diageo Claim Force India F1 Team Ownership
Diageo, parent company of Johnnie Walker, in its 2015 annual report has documented an ongoing debt dispute with Dr Vijay Mallya within which the Force India F1 team has been listed as a collateral asset valued in the region of £81 Million. It is not clear if this valuation represents the 57.5% ownership Dr Vijay Mallya holds or if it is the entire team. The dispute, documented below, relates to debts made apparent through due diligence carried out by Diageo subsequent to their taking ownership of Dr Vijay Mallya’s United Breweries Limited (UBL) in 2013. Diageo are seeking to recover the value of these debts from Dr Vijay Mallya. In June this year a court ruled in favour of Diageo...
Full Story »
Full Story »
10y ago from JWGrandPrix.com
0
You May Also Be Interested In...
Opinion – Formula Finances
As teams prepare for the final qualifying session of the season, what...
10y ago from JWGrandPrix.com
Hype'd Force India Impress in Free Practice
Nico Hulkenberg (GER) Sahara Force India F1 VJM08 leaves the pits. Abu...
10y ago from JWGrandPrix.com
Lewis '44th win is still out there'
Record-Breaking Night for the Silver Arrows in Abu Dhabi! Nico...
10y ago from JWGrandPrix.com
Sergio Shines under the Yas Marina lights
Sergio Perez (MEX) Sahara Force India F1 VJM08. Abu Dhabi Grand Prix,...
10y ago from JWGrandPrix.com
Elsewhere On The Network
Popular On MGPToday.com
‘I pray before Turn 1’: MotoGP riders react to...
No description available...
2h ago from Motorsport.com
Jorge Martin escapes injury but hit with penalty for...
No description available...
5h ago from Motorsport.com
‘I'm still far from my best’: Why Marc Marquez...
No description available...
3h ago from Motorsport.com
MotoGP Hungarian GP: Marc Marquez outduels Pedro...
No description available...
6h ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar at WWT Raceway starting lineup: Alex Palou...
No description available...
21h ago from Motorsport.com
Ryan Hunter-Reay named Arrow McLaren sporting director
Arrow McLaren has announced that Ryan Hunter-Reay is slotting into the...
15h ago from MotorsportWeek.c...
David Malukas “not disappointed” despite missing...
No description available...
19h ago from Motorsport.com
Alex Palou breaks 174 MPH barrier, earns IndyCar pole
Saturday afternoon at World Wide Technology Raceway brought IndyCar...
20h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hayden Paddon eyes WRC gravel opportunity with...
No description available...
2d ago from Motorsport.com
Oliver Solberg highlights area he must “work on”...
No description available...
4d ago from Motorsport.com
Hyundai drivers relieved asphalt WRC season is over...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Marquinhos’ message to Arsenal defender Gabriel...
Arsenal’s Champions League final defeat to Paris Saint-Germain was...
9h ago from CaughtOffside.com
'Madness for me to say this' - Paul Merson claims...
Former Arsenal star Paul Merson has claimed his ex-team might be...
9h ago from SportsKeeda.com
Kai Havertz scores again + teenage transfer links
Happy Sunday everyone. I don't have anything particularly interesting or...
11h ago from Arseblog.com
Mikel Arteta wants 20-goal star, Arsenal target has...
Julian Alvarez has been linked with a move away from Atletico Madrid...
23h ago from CaughtOffside.com
Comments
Hottest News
FIA announce Lewis Hamilton verdict after Monaco Grand Prix...
Ferrari F1 star Lewis Hamilton has been handed a... Read More »
3h ago from GPFans.com
Adjusted 2026 F1 Monaco Grand Prix results after post-race...
Check out the full adjusted results from the 2026... Read More »
1h ago from RacingNews365.com
Lewis Hamilton and Isack Hadjar learn fate after F1 Monaco...
Lewis Hamilton and Isack Hadjar have been made... Read More »
53m ago from MotorsportWeek.com
