Sahara Force India

LONDON: Sahara Force India’s sale to a consortium headed by Canada's Lawrence Stroll is facing a challenge in London's High Court by Uralkali, a Russian potash fertilizer producer and exporter, whose bid was spurned by administrators FRP Advisory despite making a much better financial offer.

As for why a chemicals company would have an interest in a Formula One team, Dmitry Mazepin, father of Force India development driver and GP3 racer Nikita Mazepin, is a non-executive director at Uralkali.

Aug 08, 2018 12:08
MUMBAI: A little under two weeks since Sahara Force India went into administration, a deal to save the Silverstone-based team was announced Tuesday with a consortium led by Lawrence Stroll, father of current Williams F1 driver Lance. 
Jul 30, 2018 16:07
LONDON: Three days after Sahara Force India was put in administration by London's High Court on Friday evening, a decision triggered by the Silverstone-based Formula 1 team's Mexican driver Sergio Perez, supported by engine supplier Mercedes and team sponsor BWT, attention is firmly focused on who would be the likely new owners.
Jul 25, 2018 13:07
MUMBAI: Formula 1’s Sahara Force India team is set to undergo a change in ownership as top Canadian investor Lawrence Stroll is said to have successfully negotiated a deal with the team’s embattled co-owners, Vijay Mallya and Subrata Roy. The exact nature of the deal is yet to be officially announced, according to a NDTV report. 
Jul 09, 2018 16:07
SILVERSTONE, ENGLAND: Sahara Force India co-owner and team principal Vijay Mallya has quashed recent media speculation that the Silverstone-based Formula One team was in advanced sale negotiations though he admitted being open to serious offers "backed by cash".
Jun 21, 2018 14:06
MUMBAI: Sahara Force India is not up for sale, a source "close" to Vijay Mallya, co-owner and team principal of the Silverstone-based Formula 1 team, has asserted. "Nothing is happening - no sale or anything of Force India. F1 is notorious for people wanting to buy teams. I would take it with a pinch of salt," the Mallya 'aide' told Business Standard.
Jun 15, 2018 17:06
MUMBAI: The reason fugitive business tycoon Vijay Mallya resigned as director of the Sahara Force India two weeks ago was NOT about handing over the reins to his son Siddharth, as the Formula One team co-owner had implied at the time. 
Jun 01, 2018 15:06
LONDON: Fugitive Indian businessman Vijay Mallya announced his resignation on Thursday as the director of Sahara Force India, but will continue to serve in the capacity of a shareholder and the team principal of the Formula 1 team.  Mallya is facing legal issues in the United Kingdom, which is reportedly one of the reasons behind the decision. 
Apr 30, 2018 14:04
BAKU: Sahara Force India returned to the podium Sunday as Sergio Perez battled his way to an epic third place finish in an entertaining and incident-overloaded Azerbaijan Grand Prix. 
Apr 06, 2018 17:04
LONDON: The Sahara Force India Formula 1 team unveiled its plans to launch its official eSports F1 team, which will aim to bring the professionalism of real Formula 1 to the realm of simulator-like competitive online gaming.  The brand new Hype Energy eForce India team has been unveiled to coincide with the launch of the official F1 2018 eSports Championship.
Apr 05, 2018 15:04
LONDON: Acronis, a global leader in hybrid cloud data protection and storage, and Sahara Force India Formula 1 team Wednesday announced an official data protection technology partnership.  Acronis will provide backup, disaster recovery, software-defined storage, file sync and share, and artificial intelligence-based ransomware protection to the team's factory, wind tunnel, and trackside IT infrastructure.