The Sahara group headed by Subroto Roy, which was earlier into airlines and which has diverse interests including the controversial para banking schemes has bought into Force India.
Sahara Group is reported to have paid 100 million USD for 42.5% stake in Force India. Following this purchase, the Force India team will be rebranded as Sahara Force India. Change of name of a Formula 1 team requires the concurrence of all the teams.
The ownership structure in the team will now be Sahar Group 42.5%, UB Group owned by Vijay Mallya 42.5% and the Mol family the balance 15%. Vijay Mallya will continue to remain the team principal.
It is to be seen if the change in ownership will result in any change in philosophy with respect to hiring of Indian drivers. Till date, Vijay Mallya had steadfastly refused to even give a test drive to Narain Karthikeyan or Karun Chandhok and has taken every opportunity to belittle them.
In the world of F1, where Money and Ego play a major role, it is to be seen if the infusion of new funds results in Narain getting a deserved look in as a driver.
Sahara Group is reported to have paid 100 million USD for 42.5% stake in Force India. Following this purchase, the Force India team will be rebranded as Sahara Force India. Change of name of a Formula 1 team requires the concurrence of all the teams.
The ownership structure in the team will now be Sahar Group 42.5%, UB Group owned by Vijay Mallya 42.5% and the Mol family the balance 15%. Vijay Mallya will continue to remain the team principal.
It is to be seen if the change in ownership will result in any change in philosophy with respect to hiring of Indian drivers. Till date, Vijay Mallya had steadfastly refused to even give a test drive to Narain Karthikeyan or Karun Chandhok and has taken every opportunity to belittle them.
In the world of F1, where Money and Ego play a major role, it is to be seen if the infusion of new funds results in Narain getting a deserved look in as a driver.
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