Business of Sport

Sahara invest in Force India

2011-10-13 14:19
Force India
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:    formula 1


Read News24’s Comments Policy 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
Comments have been closed for this article.
Live Video Streaming
  • Blitz
    Mon, 24 Nov 2014 @00:00
  • SS1
    Mon, 24 Nov 2014 @01:00
  • SS2
    Mon, 24 Nov 2014 @02:00
  • SS3
    Mon, 24 Nov 2014 @03:00
Video Highlights
Sport Talk
Most Read


Rugby World Cup 2015

All the action from the 2015 RWC, including live coverage of all 48 matches, breaking news, fixtures, results, logs - and much more!


Rugby World Cup 2015

Ireland centre Payne out of RWC
Jones: Japan can be 'team of the tournament'
Tuilagi gets punishment cut
As it happened: New Zealand 47-9 Tonga
Love 2 Meet
English Premiership flutter

Take Sport24's "expert" tips at your peril...


Take a photographical trip down memory lane and remind yourself of how the Springboks fared in their five previous Rugby World Cup campaigns. In addition, pick your all-time Springbok Rugby World Cup Dream Team and you could win R3 000!

Latest blogs

How far do you see the Springboks progressing in this year's Rugby World Cup tournament?

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

iPhone Latest Sport24 news on your iPhone

RSS Feeds Sport news delivered really simply.

There are new stories on the homepage. Click here to see them.