Connect with us

2018 F1

Rich Energy close to finalising deal for buyout Force India

Published

on

  • 30
    Shares

The takeover of Force India by a British energy drink company looks set to be complete within days.

William Storey, of Rich Energy, said speculation had forced him to reveal that a deal is in the offing.

“In light of ill-informed media speculation and certain external moves to destabilise the team, I can confirm that Rich Energy made an official offer to buy Force India at the end of April,” he told the Telegraph.

It is rumoured that the ‘external moves’ may be rumours that Mercedes, in combination with Force India sponsor BWT, could also be eyeing a deal to buy the team.

Rich Energy’s Storey continued: “This offer was accepted in principle, and we are close to finalising purchase. We have deposited funds considerably in excess of the purchase price and will invest an additional eight figure amount in the team.

“We have a long term business plan that not only involves our beverage brand but two multinational corporate sponsors who are not currently in formula one,” he added.

“We aim to conclude a deal as soon as practicable and the lawyers approve.”

Loading...

Comments

Latest F1 News

Latest F1 News

2019 F12 months ago

Vettel ‘has no future at Ferrari anymore’ – Red Bull boss

30SharesSebastian Vettel has “no future at Ferrari”, according to his former boss Dr Helmut Marko. Despite having arguably the fastest...

2019 F12 months ago

Leclerc girlfriend reveals Ferrari’s F1 star ended relationship with her

30SharesCharles Leclerc’s former girlfriend has revealed that the Ferrari driver “left me” in order to focus on his Formula 1...

2019 F12 months ago

Hamilton seizing advantage of Vettel DNF to seal Russian GP

30SharesChampionship leader Lewis Hamilton took the advantages with the Russian Grand Prix victory after race leader Sebastian Vettel’s retirement. During...

2019 F12 months ago

McLaren split with Renault for Mercedes in 2021 F1

30SharesMcLaren split with engine supplier Renault over a disagreement about Formula 1 strategy, according to Cyril Abiteboul. “It was apparent...

2019 F12 months ago

The manager says secrecy around Schumacher’s health is “difficult” to understand

30SharesNews of the Seven time F1 world champion, Michael Schumacher being “out of a coma” went viral on June 2014,...

2019 F12 months ago

Mercedes no favourite at remaining races in 2019 – Hamilton

30SharesMercedes will no longer be the favourite at any of the remaining races in 2019, according to Lewis Hamilton. Despite...

2019 F12 months ago

Renault F1 criticises FIA over penalty

30SharesCyril Abiteboul has accused the FIA of being inconsistent about how it hands out penalties for sporting and technical infractions....

2019 F12 months ago

Ferrari ‘hungrier than Mercedes’ – Hamilton

30SharesChampionship leader Lewis Hamilton criticised Mercedes after the Singapore GP. The Briton was not even on the podium on Sunday,...

2019 F12 months ago

Hamilton warns he could lose 2019 F1 title

30SharesLewis Hamilton has warned Mercedes that he risks not winning the 2019 world championship. The Briton’s championship lead is actually...

2019 F12 months ago

Charles Leclerc is Ferrari’s “No: 1 driver” – JJ Lehto

30SharesCharles Leclerc is now Ferrari’s “number 1 driver”. That is the view of JJ Lehto, who was once the supporting...

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