HomeMotorsportRenault looking to purchase majority stake in Sahara Force India F1 Team

Renault looking to purchase majority stake in Sahara Force India F1 Team

With its stint as an engine supplier in Formula 1 running through a rough patch this season, Renault is exploring other options to continue its participation in the sport without damaging its reputation. The best way to do so is to make a comeback as a factory team and the only way to do so is to acquire one of the existing teams.

Lotus may be one of the top candidates given the automaker’s history with the team and the presence of two talented and financially backed drivers. However, it’s unclear whether the team management is ready to sell or not. Over the course of last week’s Belgium GP, new developments have emerged, indicating that Renault is looking to acquire controlling stake in Sahara Force India F1 team, owned by India’s Sahara and liquor baron Vijay Mallya.

The company had reportedly held two rounds of talks with the Indian team’s management so far regarding the terms of a potential deal. After talking to Renault’s ambassador Alain Prost, Vijay Mallya told media that no decision has been taken yet and there is a proposal about board of Renault on the table.

Sahara Force India F1 Team’s strong and consistent show this season has made them attractive to Renault.

Mallya added that the points such as details of share holding, Sahara Force India’s willingness to become a minority share holder in the team, and the team’s vision were discussed in the recent meeting. He also confirmed that Renault is talking with multiple teams with a similar proposal.

Sahara Force India F1 Team’s consistent performance has made them the best possible choice Renault has at the moment. Renault’s rejigged strategy is sure to add a whole new dimension to the 2016 F1 silly season.

Via – Autosport.com

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