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Author Topic: Mallya steps down?  (Read 8079 times)

Offline cosworth151

Re: Mallya steps down?
« Reply #15 on: June 18, 2018, 05:26:42 PM »
 :DD  :DD  :DD  I Like it!
“You can search the world over for the finer things, but you won't find a match for the American road and the creatures that live on it.”
― Bob Dylan

Offline John S

Re: Mallya steps down?
« Reply #16 on: June 18, 2018, 10:11:05 PM »
Would they rename it Force Indy?

I like that, though they seem unlikely to get the Indy name.

How about Force 10 from Nazareth?

 :DD :DD :DD :DD :DD :DD  :good:

Jee...zz Jeri, that's cool.  :D

Racing is life - everything else is just waiting. (Steve McQueen)

Offline Calman

Re: Mallya steps down?
« Reply #17 on: July 18, 2018, 07:38:06 AM »
The latest story on the Force India novel ...

https://thejudge13.com/2018/07/18/force-india-money-laundering/

I do like the irony though!! ... all this new hype of 'money laundering' and the potential new sponsor/owner "Rich Energy".

Best Regards,
Cal :)
Anyone Have A Decent Pen?

Offline Alianora La Canta

Re: Mallya steps down?
« Reply #18 on: July 23, 2018, 01:36:28 AM »
The latest story on the Force India novel ...

https://thejudge13.com/2018/07/18/force-india-money-laundering/

I do like the irony though!! ... all this new hype of 'money laundering' and the potential new sponsor/owner "Rich Energy".

Best Regards,
Cal :)

Who, even more ironically, has been rejected as a bidder because they are not rich (as I understand the rumour mill). There is at least one other bidder that is more serious, but from what I gather it's managed to keep its name completely hidden from the rumour-spreaders thus far.

Don't expect any of these bids to work, for two reasons:

1) Vijay thinks that if he can hold the team for another 2 1/2 years, everything's going to get much easier thanks to a minimum 10% boost to the budget (via scrapping CCB payments) and budget caps making it more difficult for some rivals (not all) to spend so much money.

2) It's not 100% clear if Force India is in the $2 bn securities offered to the Indian courts for repaying Vijay's debts. If it is, then none of these bids will work, because whoever is managing the securities on behalf of what seems like half the bailiffs in India gets that call. In theory, Force India could get nationalised by the nation of that name because most of the major creditors are states or state-run entities within India.

(I've heard the money-laundering charge, but it's about $6 m, and is therefore a drop in the ocean even in relation to the securities already deposited even if proven. I haven't heard enough to comment on whether that one is plausible or not).
Percussus resurgio
@lacanta (Twitter)
http://alianoralacanta.tumblr.com (Blog/Tumblr)

Offline Jericoke

Re: Mallya steps down?
« Reply #19 on: July 23, 2018, 02:15:38 AM »
In theory, Force India could get nationalised by the nation of that name because most of the major creditors are states or state-run entities within India.


While I don't forsee this actually happening, how cool would it be for a large country like India to have to appoint a 'Minister for Motorsport' who comes and sits at the pit wall?

Offline John S

Re: Mallya steps down?
« Reply #20 on: July 23, 2018, 06:21:14 PM »
In theory, Force India could get nationalised by the nation of that name because most of the major creditors are states or state-run entities within India.


While I don't forsee this actually happening, how cool would it be for a large country like India to have to appoint a 'Minister for Motorsport' who comes and sits at the pit wall?


Would he bring one of the Hindu Gods with him as well?  :D :D 
Racing is life - everything else is just waiting. (Steve McQueen)

Offline Alianora La Canta

Re: Mallya steps down?
« Reply #21 on: July 24, 2018, 12:25:32 AM »
In theory, Force India could get nationalised by the nation of that name because most of the major creditors are states or state-run entities within India.


While I don't forsee this actually happening, how cool would it be for a large country like India to have to appoint a 'Minister for Motorsport' who comes and sits at the pit wall?

Especially if said minister then had to explain why motorsport is still taxed as an entertainment in India and not as a sport, when the latter would clearly benefit the running of their department!
Percussus resurgio
@lacanta (Twitter)
http://alianoralacanta.tumblr.com (Blog/Tumblr)

Offline lkjohnson1950

Re: Mallya steps down?
« Reply #22 on: July 25, 2018, 04:48:54 AM »
Here's the latest wild rumor: Lance Stroll's father has bought Force India and Lance will switch teams.   :o

https://www.gptours.com/mobile_news.php?command=show&what=news&id=21270
Lonny

guest3164

  • Guest
Re: Mallya steps down?
« Reply #23 on: July 25, 2018, 08:12:23 AM »
Whilst I would worry about Force India's mid-term future if that happened (ie, when the Stroll's lose interest), from a Williams point of view I would love this to happen and for the Stroll circus to move on.  Lance hasn't pushed on as I hoped/expected, regardless of the diabolical car he has this year. 

Offline Jericoke

Re: Mallya steps down?
« Reply #24 on: July 25, 2018, 03:43:28 PM »
Here's the latest wild rumor: Lance Stroll's father has bought Force India and Lance will switch teams.   :o

https://www.gptours.com/mobile_news.php?command=show&what=news&id=21270

You think team orders at Ferrari or Mercedes are bad... could you imagine knocking the boss's kid out of a race?

Offline John S

Re: Mallya steps down?
« Reply #25 on: July 25, 2018, 03:59:16 PM »
Here's the latest wild rumor: Lance Stroll's father has bought Force India and Lance will switch teams.   :o

https://www.gptours.com/mobile_news.php?command=show&what=news&id=21270

You think team orders at Ferrari or Mercedes are bad... could you imagine knocking the boss's kid out of a race?


That's why Ocon has to go, he's likely to try the wheel banging, late dives and blocking he used on Checo in his first season.  :D


 
Racing is life - everything else is just waiting. (Steve McQueen)

guest3164

  • Guest
Re: Mallya steps down?
« Reply #26 on: July 27, 2018, 09:45:12 PM »
Apparently Force India have gone into administration, brought about largely due to Sergio Perez bringing proceedings against them over an unpaid debt of around £3m ($4m). 

Offline Robem64

Re: Mallya steps down?
« Reply #27 on: July 28, 2018, 07:57:33 AM »
"I'm not a pessimist, I'm an optimist with experience"

Offline John S

Re: Mallya steps down?
« Reply #28 on: July 28, 2018, 11:33:50 AM »
Apparently Force India have gone into administration, brought about largely due to Sergio Perez bringing proceedings against them over an unpaid debt of around £3m ($4m).


You'd think FIF1 would know better than to screw with the driver bringing big sponsor bucks to the team?  :crazy:

We've seen before that drivers of a team can be last in the queue when money is tight.  :(

Racing is life - everything else is just waiting. (Steve McQueen)

Offline Robem64

Re: Mallya steps down?
« Reply #29 on: July 28, 2018, 09:26:35 PM »
Sounds like this action taken by Perez was suggested by the team to protect them and force a sale.
"I'm not a pessimist, I'm an optimist with experience"

 


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