Refs under fire

The standard of officiating in the last weekend of Super Rugby plumbed new depths. What can be done to eradicate poor refereeing? Email Sport@news24.co.za with your thoughts.

Get Sport24 on your mobile

m.sport24.co.za

IPL | Proteas | MySport24 | SuperBru | Live scoring

French Open | ATP Tour | WTA Tour | MySport24

Formula One | MySport24

Athletics | Cycling | MySport24

Blogs | MySport24

Live Streaming | Video Highlights

Business of Sport

Sahara invest in Force India

2011-10-13 14:19

Force India

Related Links

London - Indian business Sahara has announced a deal to buy a large stake in the Force India Formula 1 team, with the company set to invest $100m (R784m) for a 42.5% stake – resulting in a co-ownership with the team's co-founder Vijay Mallya, who will remain team principal.

A company statement said that the money will be used to invest in new technology to improve performance.

Sahara has a number of sporting interests and sponsors the Indian national cricket team.

Company chairman Subrata Roy Sahara said: “Formula 1 car racing has always remained the bastion of the western world.

“The advent of India in this exciting sport has remained a matter of pride for all our countrymen. I feel doubly proud that Sahara is the co-owner of India's only Formula 1 team and I am sure that through Sahara Force India, we will together bring pride and laurels to our beloved nation.”

The Moll family from the Netherlands, which helped found the team with Mr Mallya, will hold the remaining 15% stake.

Read more on: sahara | formula 1

NEXT ON SPORT24X

Oscar out for rest of the year

38 minutes ago

Follow Sport24 on Twitter and Facebook

Yahoo Google Digg Delicious Facebook Twitter

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story

0 comments

Add your comment

Logout

Comment 0 characters remaining

Share on Facebook

Share on Twitter

Live Video Streaming

Varsity Hockey
Mon, 20 May 2013 @
15:00
NSA U/21 Tri-Nations Series: South Africa v Zimbabwe
Mon, 20 May 2013 @
17:55
La Liga: Mallorca v Real Betis
Mon, 20 May 2013 @
21:55
IAAF World Challenge League - Beijing
Tue, 21 May 2013 @
14:00

Show full schedule

Video Highlights

Best of the rest from Blitz
Mon, 20 May 2013 @
16:00
Sir Alex Ferguson acknowledges the fans
Mon, 20 May 2013 @
09:54
Nicolas Colsaerts makes par from the loo
Mon, 20 May 2013 @
08:21
Byron Nelson Championship: Day 4
Mon, 20 May 2013 @
06:09

Show more videos

Sport Talk

Patience needed from Stormers faithful
In the wake of the Stormers’ defeat to the Rebels in Melbourne this past Friday came a reminder of...

Breaking News

- No serious injuries for Bulls
  
  Rugby
  16:15
- BPL clubs' end-of-season report
  
  Football
  15:30
- Atletico kick off busy Asian summer
  
  Football
  15:27
- Super Rugby: round 14 in pictures
  
  Rugby
  15:09
- The Week in Pictures
  
  Xtra
  13:23
- Fortnight could sew it up for Bulls
  
  Rugby
  12:36

Latest Multimedia

David Beckham in pictures

Sport24 on Twitter

Follow Sport24 news on Twitter

Facebook

Click to 'Like' Sport24 on Facebook

Featured Blog

Super Rugby Round 14 Review

The competition is getting interesting, not so much because of the quality of the matches but more because of the teams making their moves to contest for the top spots, writes blogger Baylion.

Latest blogs

View all sports blogs

Vote

Which South African Super Rugby team's performance was the most impressive this weekend?

The Sharks getting back to winning ways by beating the Force in Perth?

The Bulls cementing their top spot in the SA Conference by beating the Highlanders?

The Cheetahs holding off the Reds in Bloemfontein?

View Results | Vote Archive