Story ProgressBack to home
Vijay Mallya pumps in $32 million into Force India
Sahara Force India team principal Vijay Mallya has pumped in $32 million into his Formula One team ahead of the season opener in Melbourne on Sunday.
- Indo-Asian News Service
- Updated: March 13, 2012 05:39 PM IST
Read Time:1 min
London:
Sahara Force India team principal Vijay Mallya has pumped in $32 million into his Formula One team ahead of the season opener in Melbourne on Sunday.
Watson, the personal investment company used by the liquor baron, has loaned Force India nearly $10 million while Mallya's Kinghfisher Airlines and his beer and spirit arm has generated the remaining $22 million through sponsorship, The Scotsman reported Monday.
The Silverstone-based team is eying to better its last year's sixth place finish in the 2012 Constructors' Championship.
Force India found a co-owner Subrata Roy led Sahara Group last year when the Indian company bought a 42.5 percent stake in the F1 team. Sahara said that it would invest a further $100 million into the mid-field outfit.
Topics mentioned in this article
Formula 1 Kimi Raikkonen Adrian Sutil Force India Giancarlo Fisichella Kevin Pietersen
Get the Latest India vs England 2024 Updates and check out IND vs ENG schedules and IPL 2024 Auction. Read all the details related to the IPL 2024.Like us on Facebook or follow us on Twitter for more sports updates. You can also download the NDTV Cricket app for Android or iOS.