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Force India confirms new part-owner: Team Valued at $235 million

Posted on October 12, 2011

Force India boss Vijay Mallya today confirmed that he has sold 42.5% of the F1 team to Sahara India Pariwar, described as “a leading promoter and patron of sports in India.” The fee is US$100 million The deal therefore values the team at $235 million (£150 million), a significant uplift on the price Mallya paid to buy the team known as Spyker. It is the same Silverstone based team which was originally known as Jordan, founded by BBC pundit Eddie Jordan. “With this investment both the Sahara India Pariwar and Dr. Mallya will own 42.5% each in the team. The More…

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