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 »
5y ago from GrandPrix247.com 0
Share

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

F1 owner Liberty Media set to finalise purchase of...

Formula 1 owner Liberty Media are in talks to buy Madrid-based company...

Popular On IndyCarToday.com

Rosenqvist: Confidence within MSR growing with every...

Felix Rosenqvist has started off his time with Meyer Shank Racing on a...

Popular On TotalWRC.com

Popular On GunnersToday.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

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.