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
Kevin Schwantz: “I see myself reflected in Marc...
No description available...
7h ago from Motorsport.com
Fermin Aldeguer suffers fracture in MotoGP training...
No description available...
9h ago from Motorsport.com
Marc Marquez to make Ducati return in private Valencia...
No description available...
1d ago from Motorsport.com
Pushing aero to the limit: The evolution of winglets...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Will Power turns first IndyCar laps with Andretti at...
IndyCar veteran Will Power completed his first test laps with his new...
9h ago from MotorsportWeek.c...
Alex Palou delivers takedown of McLaren F1 drivers...
IndyCar champion Alex Palou has delivered a takedown of both McLaren...
9h ago from MotorsportWeek.c...
Power completes “very good” first outing with...
No description available...
22h ago from Motorsport.com
McLaughlin set to have new spotter for 2026 IndyCar...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Dakar 2026, Stage 5: Ford strikes back to win but...
No description available...
13h ago from Motorsport.com
Hyundai postpones Thierry Neuville's Monte Carlo test...
No description available...
11h ago from Motorsport.com
Why defending champion Yazeed Al-Rajhi retired from...
No description available...
1d ago from Motorsport.com
Toyota reveals new-look WEC Hypercar for 2026 amid...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Return of the Emirates Groan: Arsenal fans restless on...
y one club are sitting pretty at the top of the Premier League, but the...
24m ago from TheGuardian.com
'Worry for the manager' – Roy Keane fires...
Former Manchester United captain Roy Keane has suggested that Arsenal...
1h ago from CaughtOffside.com
Mikel Arteta responds to Gabriel Martinelli's shocking...
Arsenal manager Mikel Arteta is sure that Gabriel Martinelli did not mean...
1h ago from CaughtOffside.com
Jamie Carragher aims major dig at Mikel Arteta's...
Liverpool legend Jamie Carragher has aimed a major dig at the tactics of...
1h ago from CaughtOffside.com
Comments
Hottest News
Cadillac F1 rivalry gets spicy as Sergio Perez defeats...
Valtteri Bottas and Sergio Perez have gone head... Read More »
2h ago from GPFans.com
Toto Wolff addresses Mercedes power unit superiority...
Toto Wolff has delivered a telling update on... Read More »
7h ago from MotorsportWeek.com
The potential legal loophole stalling the alleged Christian...
Christian Horner might have to wait until... Read More »
5h ago from MotorsportWeek.com
