Vijay Mallya is not talking to Sahara Group to sell Force India F1 team

Vijay Mallya, Chairman of Force India has clarified that he isn’t considering selling the Formula One team, and has a long term commitment to his F1 team. Reports in the recent past did suggest that Mallya was in talks with Sahara Group to sell team Force India.

The inaugural Airtel Indian Grand Prix will be held on 30th October, 2011. The Buddh International Circuit at Greater Noida at present has a seating capacity of 110,000-capacity, and this could be expanded later.

At the 2011 Formula 1 Japanese Grand Prix held earlier today Force India team drivers Adrian Sutil and Paul Di Resta went into the race after qualifying in P11 and P12 respectively. The end result saw both Force India drivers finish the race in the same positions they qualified. As such, Force India did not manage to pick up any points, while their Renault picked up 2 points. Force India Mercedes now has 48 points and as such continues in sixth place at the Constructor Championship.

Sauber did secure 4 points and inch their way closer to Force India. In 2007, Force India was the Spyker F1 team, a loss making entity. It was then taken over by Vijay Mallya and Michiel Mol and later renamed Force India.

In response to the alleged sale, Vijay Mallya had this to say. “I was shocked to read a media report that I am selling the Force India Formula One team. This is completely untrue and without any basis whatsoever.” “As Team Principal, I will continue to run the team and I have no plans whatsoever to exit.”

“I take great pride in having been able to put an Indian team on the Formula One World Championship grid and have worked very hard to greatly improve the performance of the team.”

“Now that India is finally on the Formula One World Championship calendar, my commitment to Force India only gets even stronger.”