News Details
Mallya gets $75 million payout and keeps F1 team
Force India boss and co-owner Vijay Mallya will receive $75 million to walk away from a company. United Spirits, the flagship of the United Breweries company Mallya took over from his late father, will pay the 60-year-old US $75 million to exit after an acrimonious fight with Diageo. Diageo, the alcohol multinational, had fought with Mallya since taking a controlling stake in United Spirits. But Mallya will now receive EUR 40 million immediately and the rest in instalments, while Diageo has agreed to also extended Smirnoff's $15 million per season sponsorship of the Force India team for five more years. 'The time has now come for me to move on and end all the publicised allegations and...
Full Story »
Full Story »
9y ago from GrandPrix247.com
0
You May Also Be Interested In...
Force India boss gets $75m, F1 sponsor deal, in...
Force India boss gets $75m, F1 sponsor deal, in company split Vijay...
9y ago from ThisIsF1.com
Force India secure 5 year Sminoff agreeement
The Sahara Force India Formula One team have secured a 5 year agreement...
9y ago from JWGrandPrix.com
Sainz: We thought we wouldn't make the test
Toro Rosso's Carlos Sainz has admitted that the team believed they would...
9y ago from FormulaSpy.com
McLaren Honda Announces 10-year partnership with...
McLaren Honda announced a ten year partnership with luxurious watch brand...
9y ago from FormulaSpy.com
Elsewhere On The Network
Popular On MGPToday.com
Fabio Quartararo “needs a winning project now” as...
No description available...
2h ago from Motorsport.com
Marc Marquez: ‘I've had stitches in my chin, but...
No description available...
1h ago from Motorsport.com
Fabio Quartararo tops chaotic second Assen MotoGP...
Fabio Quartararo topped the timesheets for Yamaha after an extended...
4h ago from MotorsportWeek.c...
Marc Marquez tops first Assen MotoGP practice despite...
Marc Marquez topped the timesheets in the first Assen MotoGP practice...
8h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Where does Santino Ferrucci see his first IndyCar win...
No description available...
1h ago from Motorsport.com
IndyCar will not return to Thermal Club in 2026...
According to comments made by Thermal Club founder and owner Tim Rogers,...
1d ago from MotorsportWeek.c...
Malukas’ recovery drive secures Foyt’s best team...
During Sunday’s IndyCar race at Road America, David Malukas was the...
2d ago from MotorsportWeek.c...
Winners and Losers from IndyCar’s Road America...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Ott Tanak tames rough Acropolis Rally Greece
Ott Tanak and Martin Jarveoja ended a rough, puncture-riddled opening day...
40m ago from MotorsportWeek.c...
WRC Acropolis Rally: Ott Tanak heads Hyundai 1-2 as...
No description available...
1h ago from Motorsport.com
WRC Acropolis Rally: Sebastien Ogier leads as puncture...
No description available...
8h ago from Motorsport.com
Here's how Hyundai’s driver cooling system will...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Manchester United target blocking all offers as he...
Manchester United target Viktor Gyokeres is blocking offers from other...
2h ago from SportsKeeda.com
Major twist gives Arsenal hope of signing ‘most...
Real Madrid have not ruled out the possibility of selling Rodrygo Goes...
4h ago from CaughtOffside.com
Which striker should Arsenal sign? Analysing the top...
Unless you’ve been living under a rock all season, you’ll have noticed...
4h ago from FreshArsenal.com
Arsenal given ‘less than 2% chance’ of signing...
Arsenal’s hopes of landing one of their top striker targets this summer...
4h ago from CaughtOffside.com
Comments
Hottest News
FIA announce Lewis Hamilton punishment verdict at Austrian...
The FIA have announced the punishment verdict for... Read More »
1h ago from GPFans.com
F1 Results Today: Hamilton suffers Ferrari nightmare at...
The first outing at the Austrian Grand Prix... Read More »
6h ago from GPFans.com
Max Verstappen Mercedes talks confirmed
After months of speculation, Mercedes team... Read More »
59m ago from RacingNews365.com
