F1-Fansite.com

F1 News

Force India plays down Mallya's troubles

Posted on by
Adrian Sutil, Force India VJM06
Adrian Sutil, Force India VJM06
Vijay Mallya

Vijay Mallya

Force India has played down this week's alarming news from India about team supremo Vijay Mallya.

Amid the decline of his airline Kingfisher, the former billionaire was declared a 'wilful defaulter' by the public sector lender the United Bank of India, meaning he will lose his director positions and be unable to borrow money.

An insider explained: "Any company in which they are directors, those companies would be affected."

And the very latest news is that India's supreme court rejected Mallya's petition challenging the 'wilful defaulter' tag, causing some to wonder if the 58-year-old's entire empire could begin to crumble.

The chief of Force India's title sponsor Sahara, Subrata Roy, is currently in jail on financial charges, but a team spokesperson has played down the effect Mallya's latest troubles will have on the Silverstone based outfit.

"The team will not be affected in any way," the spokesperson told PA Sport.

Book discounted tickets and reservate your hotel room in our F1 Tickets Shop.

Please share this article & subscribe to our FREE weekly F1 Newsletter

PinIt

Latest F1 News posts:

See older posts in our F1 News Archive »

Stay Updated by F1-Fansite!

Buy F1 MerchandiseBuy F1 Merchandise of your favourite driver or team.

Early Booking Discounts on F1 Tickets

Buy F1 tickets cheaper at F1-Fansite.com 2016 Formula 1 Season Early Booking Discounts are:
F1 Grand Prix
Discount

Book F1 Tickets Malaysian F1 GP Malaysian '16Available
Book Now
Book F1 Tickets Japanese F1 GP Japan '16Available
Book Now
Book F1 Tickets US F1 GP USA '16Available
Book Now
Book F1 Tickets Mexican F1 GP Mexico '16Available
Book Now
Book F1 Tickets Brazilian F1 GP Brazil '16Available
Book Now
Book F1 Tickets Abu Dhabi F1 GP Abu Dhabi '16Available
Book Now
   
Book F1 Tickets Australian F1 GP Australia '17AvialableBook Now
Book F1 Tickets Spanish F1 GP Spain '1720% discountBook Now
Book F1 Tickets Monaco F1 GP Monaco '17AvailableBook Now
Book F1 Tickets Austrian F1 GP Austria '1720% discountBook Now
Book F1 Tickets British F1 GP UK '17AvailableBook Now
Book F1 Tickets Hungarian F1 GP Hungary '1720% discountBook Now
Book F1 Tickets Belgian F1 GP Belgium '1725% discountBook Now

Polls

Who is your favourite F1 driver?

View Results

Loading ... Loading ...
F1 Polls