News Details
William Storey: Our offer for Force India accepted in principle
Rich Energy, an energy drinks company, has made £100-million ($133-million) bid to takeover Force India from embattled business tycoon Vijay Mallya and his associates but the buy-out has been delayed as guarantees with creditors, including Mercedes, have to be negotiated, agreed and formalised. Rich Energy chief executive William Storey (in photo above on the right with Mika Hakkinen) told The Telegraph that the deal is agreed in principle despite what he cited as “external moves to destabilise” the takeover while hinting that an announcement to this effect is expected this week. Force India has been available for purchase for some time now as Mallya's legal issues mount, the asking...
Full Story »
Full Story »
5y ago from GrandPrix247.com
0
You May Also Be Interested In...
Rich Energy close to finalising deal for buyout Force...
class="left relative"> Share Tweet Share Share Email The...
5y ago from ThisIsF1.com
Force India's Fernley discards Rich Energy buy-out...
Force India deputy team principal Bob Fernley has dismissed claims from...
5y ago from F1i.com
Force India buyout agreed 'in principle'
Jun.10 The takeover of Force India by a British energy drink company...
5y ago from OneStopStrategy.com
FIA rule on Mercedes-Force India 'collusion' claims
Mercedes and Force India have been cleared of colluding to allow Lewis...
5y ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
Pramac's Morbidelli still "missing freedom"...
No description available...
19h ago from Motorsport.com
F1 owner Liberty Media set to finalise purchase of...
Formula 1 owner Liberty Media are in talks to buy Madrid-based company...
1d ago from MotorsportWeek.c...
Oliveira frustrated by "baby steps" as 2024...
No description available...
1d ago from Motorsport.com
F1 owner Liberty Media set to finalise purchase of...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
The good, bad, and ugly of IndyCar's half-baked...
No description available...
18h ago from Motorsport.com
Rasmussen, Siegel and Simpson complete oval rookie...
No description available...
1d ago from Motorsport.com
Rising concerns in IndyCar over PFC’s braking system
No description available...
2d ago from Motorsport.com
Rosenqvist: Confidence within MSR growing with every...
Felix Rosenqvist has started off his time with Meyer Shank Racing on a...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC Safari Rally: Rovanpera stuns rivals to lead as...
No description available...
2h ago from Motorsport.com
Neuville reveals “MacGyver” style WRC Safari Rally...
No description available...
1h ago from Motorsport.com
How WRC Rally1 teams embraced the return of the...
No description available...
18h ago from Motorsport.com
WRC Safari Rally: Neuville edges Tanak to grab early...
No description available...
22h ago from Motorsport.com
Popular On GunnersToday.com
'You're all getting kidded' - Roy Keane makes...
No description available...
41m ago from SportsKeeda.com
Alan Shearer chooses Premier League winner between Man...
The winner of Sunday's top-of-the-table match between Manchester City and...
41m ago from CaughtOffside.com
Manchester City vs. Arsenal: Head-to-head record and...
Ahead of Sunday's Premier League clash between Man City and Arsenal,...
31m ago from SportsMole.co.uk
Arsenal and Manchester United keen on French defensive...
Arsenal and Manchester United are always on the lookout for prospects who...
11m ago from CaughtOffside.com
Comments
Hottest News
Verstappen and Red Bull see key member suddenly leave with...
Red Bull Racing and Max Verstappen are saying... Read More »
3h ago from GPBlog.com
Max Verstappen poised to join new team in 2025
Max Verstappen's dominance in Formula 1 may not... Read More »
41m ago from Formula1News.co.uk
Who is Lee Stevenson, Verstappen's chief mechanic leaving...
Lee Stevenson announced his departure from Red... Read More »
41m ago from GPBlog.com