Connect with us

F1 top news

Force India F1 plays down absent boss Mallya’s troubles

Published

on

Force India F1 plays down absent boss Mallya's troubles

Force India F1 plays down absent boss Mallya’s troubles

Force India deputy Bob Fernley has moved once again to play down the high-profile legal and financial problems surrounding Vijay Mallya.

Mallya, the Silverstone based team’s co-owner and boss, was absent from the paddock not only in Australia but now in Bahrain.

The latest news suggests he is offering to repay $600 million of his huge debts amid the collapse of his airline Kingfisher.

Asked if the problems will affect Force India, a midfield F1 team with a modest budget, deputy Fernley said: “Vijay’s issues are well publicised but I think there’s been a bit of a media overreaction, especially from India.

“I’ve been in and out of India for over 30 years and the only thing I’ve learnt is how little I know about India, so I think you’ve just got to let that flow and for Vijay to deal with it,” he added.

Fernley suggested Force India’s recent successes in the constructors’ championship, finishing a strong sixth and fifth in 2014 and 2015 respectively, have boosted the team’s coffers.

“I think today we are realising some of the best returns the team has ever had from the payments side of things, even though we complain about the disparity — which is a separate issue,” he said.

“We also have a very good commercial team, and I think it is allowing Force India to pretty well stand on its own feet, whilst the shareholders are always there to help us — and Vijay’s been the main person doing that over the last nine years.

“It’s not a short term, nine years, to be keeping a formula one team going, so I don’t think there’s any concerns for Force India,” Fernley insisted.

Comments

Latest Results




Latest F1 News

2018 F11 day ago

Alonso exit shows F1 ‘sick’ – Perez

Fernando Alonso’s plight shows that F1 is “sick”. That is the claim of Force India driver Sergio Perez, referring to...

2018 F11 day ago

Kubica has ‘made decision’ about 2019

Robert Kubica looks certain to secure the second race seat at Williams for 2019. At an event in northern Poland,...

2018 F11 day ago

Dutch GP preparations to take years

Belgian grand prix boss Andre Maes doubts the Netherlands can quickly put together an F1 project. After 35 years promoting...

2018 F11 day ago

Toto Wolff is offering a place for Seidl in Mercedes

Mercedes looks set to recruit a top official from Porsche’s highly successful Le Mans team. Porsche ended its highly successful...

2018 F13 days ago

F1 has ‘other options’ to British GP – Carey

Chase Carey has admitted a cloud still hangs over the future of the British grand prix. Last year, Silverstone’s owner,...

2018 F13 days ago

Carey admits no ‘new engine’ for 2021

Chase Carey has admitted F1’s engines will not change significantly for 2021. Earlier, Liberty Media wanted drastically different engines compared...

2018 F13 days ago

Lewis Hamilton says he is not interested in Formula E

Lewis Hamilton says he is not interested in Formula E because of the lack of petrol power, sound and speed....

2018 F13 days ago

Carey defends ending F1 betting sponsorship ban

Chase Carey has defended F1’s move into the world of gambling. For four decades, former F1 supremo Bernie Ecclestone did...

2018 F14 days ago

Brazil ramps up efforts to keep grand prix

Organisers of the Brazilian grand prix have ramped up efforts to keep Interlagos on the F1 calendar. The contract expires...

2018 F14 days ago

Marchionne death hurt Ferrari morale – Tronchetti Provera

Ferrari is “very close” to its goal of bringing the title back to Maranello after more than a decade. That...




Most Popular

ThisisF1.com is not affiliated with Formula 1, Formula One Management, Formula One Administration, Formula One Licensing BV, Formula One World Championship Ltd or any other organization or entity associated with the official Formula One governing organizations or their shareholders. Copyrighted material used under Fair Use/Fair Comment.

References
We could use the following leading F1 news sources for stories: SkyF1, BBC F1, Autosport, ESPN F1, FIA Media Center, MotorSport, JamesAllen and others leading authors blog.

All Rights Reserved © 2017 Prime Sport Media