Thread: Mallya buys out Spyker-Ferrari
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 Old 1 Sep 07, 03:06 PM
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Cool Mallya buys out Spyker-Ferrari
The King of good times and director UB group, Vijay Mallya is set to buy out Spyker-Ferrari. Mallya is buying in personal capacity. (Some money that means )



Team Info: http://www.funenclave.com/f1/forumula1-teams-9.html

The king of good times, Vijay Mallya, is not just bringing Formula One race to India but is also buying a F1 team.


Sources have told the TV18 Network that Mallya has closed in on Spyker-Ferrari and he would be investing in the team in his personal capacity. According to the sources the deal is almost final and will be announced shortly.


The Spyker-Ferrari board has given the green signal as Mallya's bid is at a reasonable premium.


However, as Mallya is investing in the Spyker team in his personal capacity, Kingfisher will continue to sponsor the Toyota Panasonic F1 team.
Mallya buys Spyker-Ferrari F1 team: Reports
Spyker director in joint bid for Formula One team | Sports | Reuters
Moneycontrol India :: News :: Vijay Mallya closes in on Spyker Ferrari deal: Srcs :: :: Business :: Vijay Mallya ,Spyker Ferrari ,Toyota Panasonic F1 team,Kingfisher,F1,Formula One

Earlier, in Istanbul, Vijay Mallya had said about the likelihood of the deal, “As far as I am concerned, nothing is impossible. Part and parcel of bringing F1 to India is to also have an Indian company involved in F1. In what form or shape, I am not going to disclose as yet,” said Vijay Mallya, Chairman, UB Group.


So finally we will have an Indian team in F1
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