Indian Sports News

Monday, Oct 20th

Last update01:29:49 AM GMT

You are here  Home » Racing Mallya injects $32 million into Force India

Mallya injects $32 million into Force India

E-mail Print

London: Vijay Mallya, Sahara Force India team principal has pushed 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 tycoon, 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 on Monday.

The Silverstone-based team is eying to elevate 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 mentioned that it would invest another $100 million into the mid-field outfit.


By Indian Sports News

Share Your Views:

Related StoriesLatest Stories

Your Page on ISN

Top 10 in Sports

Legends of Indian Sports