| | Mallya buys out Spyker-Ferrari
Posted in Formula 1; 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: ... | 
01-09-07, 03:06 PM
 | Insane Wella Admin | | | | Join Date: Jul 2006 Nickels: 39,735.46 | |  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 Quote:
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   |
01-09-07, 03:19 PM
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FE Devotee | | | Join Date: Jul 2006 Location: Nasik/Mumbai Nickels: 163.00 | |  Re: Mallya buys out Spyker-Ferrari
Karun Chandok its seems is gonna get a seat at Spyker....pretty good development i say!!
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01-09-07, 05:47 PM
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Medic on call!! | | | Join Date: Jul 2006 Location: diamond city Nickels: 1,227.63 | | Re: Mallya buys out Spyker-Ferrari
i dont see mallya wasting money on karun chdhok, he is good at hiring best.
But its a nice move, this starts the show rolling for India.
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01-09-07, 06:52 PM
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magnetominge | | | Join Date: Jul 2006 Location: Mumbai Nickels: 451.00 | | Re: Mallya buys out Spyker-Ferrari
yeah very nice move indeed  .. 2 years later. you`d have a race in india, and we shall be cheering for an indian driver. .that should be good enough |
01-09-07, 06:56 PM
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The ReBeL! | | | Join Date: Feb 2007 Location: Sin City Nickels: 113.00 | | Re: Mallya buys out Spyker-Ferrari
 Quote:
The sale of the Dutch-owned F1 team Spyker has been agreed and will be officially confirmed shortly.
The buyer is Indian businessman Vijay Mallya, who in recent days joined with the Michiel and Jan Mol consortium in a jointly (US) $110m bid, the local CNBC-TV18 reported on Saturday.
Mallya's involvement is reportedly in his 'personal capacity', meaning that his airline Kingfisher will continue to sponsor Toyota.
It is not known what the new name for the Silverstone based team, also called Jordan and Midland in recent years, will be, but the joint consortium is called 'Orange India'.
It is understood that press and stock market statements are currently being drafted.
Mallya, a key supporter of a Grand Prix in India and also with alcoholic brands, said: "Part and parcel of bringing Formula One to India is to also have an Indian company involved.
"We have drivers, we have Narain Karthikeyan, we have Karun Chandok and I hope there will be more as we go along."
The financially embattled exclusive Dutch sports car maker Spyker bought the team from Midland last September.
Mallya and Mol said in a statement: "(The) offer has been accepted by the Board of Spyker Cars N.V. and exclusivity has been granted to the consortium Orange India Holdings Sarl to proceed with due diligence ... to achieve completion within 30 days."
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Last edited by Sandeep : 01-09-07 at 07:02 PM.
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01-09-07, 07:19 PM
 | Expert Wella {Secret Agent} | | | Join Date: Sep 2006 Location: From Russia...with Love Nickels: 899.80 | | Re: Mallya buys out Spyker-Ferrari
Nice going Mallya......we are wid u 
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01-09-07, 09:17 PM
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thE bErsErkEr | | | Join Date: Jun 2007 Location: Nandigram Nickels: 40.20 | | Re: Mallya buys out Spyker-Ferrari
Quote:
Originally Posted by xXx  Nice going Mallya......we are wid u | but how r u wid him??????????
r u co-sponsoring the bid?
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01-09-07, 10:06 PM
 | Insane Wella Addicted to FE | | | Join Date: Feb 2007 Location: /usr/local/bin Nickels: 32,288.33 | | Re: Mallya buys out Spyker-Ferrari
Well... F1 here we come 
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02-09-07, 11:12 AM
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Schumi fan !! | | | Join Date: Jul 2006 Location: Bangalore not any other freaking name. Nickels: 226.00 | | Re: Mallya buys out Spyker-Ferrari
This is really good news !! I dont log into FE or itv-f1 for ONE day and this happens 
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02-09-07, 02:44 PM
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FE RockStar | | | Join Date: Aug 2006 Nickels: 1,559.80 | | Re: Mallya buys out Spyker-Ferrari
Mahindra Engines  and MRF tyres? and Indian Drivers
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