Tag Archives: Force India

F1: Hamilton wins the Hungarian GP

At the start of the GP Lewis Hamilton was leading into Turn 1. Vettel tried  to hold of Grosjean on the outside of the track.

Rosberg meanwhile, who started from 4th position had contact with Massa’s frontwing at Turn 5.

Rosberg had to go wide and settled for 12th postion, then he overtoke some cars bringing him to 7th but then he retired 10 laps before the end of the race due a engine failure.

Hamilton was leading ahead of Vettel and Grosjean until the first pitstops came around the laps 9-13.

Vettel already had to defend his 2nd position against Grosjean and surprisingly struggled with the handling of the car.

After Vettel made his first pitstop, he came back behind McLaren driver Jenson Button, who held him off for 33 laps, what was a quite amazing perfomance from the brit.

So Vettel held up Grosjean, and some laps later Alonso was becoming faster, so it became a four way battle for 2nd.

Vettel finally got past Button for 2nd and Grosjean was also trying to pass Button, but with contact resulted to a penalty after the race. After Grosjeans 2nd pitstop, he was behind Massa.

Grosjean was much faster than the Ferrari driver and tried a brave outside move into the blind Turn 5 corner, which was succesfull but illegal. He had all four wheels off the track and he was over the line, so he gained an advantage over Massa.

The frenchman got a drive through penalty and later made his third pitstop, he ended up in 6th position.

His teammate Raikönnen however had a fantastic strategy and despite the hot weather there he managed his tires very well and made only two pitstops.

So he came up to 2nd, but Vettel was close behind him and tried a ”Grosjean move” on the outside of Turn 5.

But Raikkönnen defended and kept his 2nd place until the end.  Webber had a great race, coming from 10th on the grid after his bad luck in Qualifying to 4th in the race.

Hamilton controlled his lead and won the Hungarian GP after 70 laps. It was his first GP win of the season and the third for Mercedes AMG Petronas.

Sutil had a horrible 100th GP, he had problems starting his car again at his first pitstop and had to retire.

Williams meanwhile scored their first points of the season with Maldonado finishing 10th.

Teammate Bottas had to retire after an engine failure.

The next race of the Formula 1 World Championship is on the 25th of August for the Belgium GP at Spa-Francorchamps.

Full Results:

1 10 L. Hamilton Mercedes 70 1:42:29.445 179,507
2 7 K. Räikkönen Lotus 70 +0:10.938 +0:10.938 179,188
3 1 S. Vettel Red Bull 70 +0:12.459 +0:01.521 179,144
4 2 M. Webber Red Bull 70 +0:18.044 +0:05.585 178,982
5 3 F. Alonso Ferrari 70 +0:31.411 +0:13.367 178,595
6 8 R. Grosjean Lotus 70 +0:52.295 +0:20.884 177,993
7 5 J. Button McLaren 70 +0:53.819 +0:01.524 177,950
8 4 F. Massa Ferrari 70 +0:56.447 +0:02.628 177,874
9 6 S. Perez McLaren 69 +1 Rnd. +1 Rnd. 176,881
10 16 P. Maldonado Williams 69 +1 Rnd. +0:17.883 176,368
11 11 N. Hülkenberg Sauber 69 +1 Rnd. +0:29.391 175,532
12 18 J. Vergne Toro Rosso 69 +1 Rnd. +0:00.459 175,519
13 19 D. Ricciardo Toro Rosso 69 +1 Rnd. +0:00.611 175,502
14 21 G. van der Garde Caterham 68 +2 Rnd. +1 Rnd. 173,349
15 20 C. Pic Caterham 68 +2 Rnd. +0:06.374 173,171
16 22 J. Bianchi Marussia 67 +3 Rnd. +1 Rnd. 171,347
17 23 M. Chilton Marussia 67 +3 Rnd. +0:42.899 170,163
18 14 P. di Resta Force India 66 +4 Rnd. +1 Rnd. 175,043



Driver championship standings after 10 races:

1. S. Vettel 172 15 25 12 25 12 18 25 A 25 15
2. K. Räikkönen 134 25 6 18 18 18 1 2 10 18 18
3. F. Alonso 133 18 A 25 4 25 6 18 15 12 10
4. L. Hamilton 124 10 15 15 10 12 15 12 10 25
5. M. Webber 105 8 18 A 6 10 15 12 18 6 12
6. N. Rosberg 84 A 12 A 2 8 25 10 25 2
7. F. Massa 61 12 10 8 15 A 4 8 A 4
8. R. Grosjean 49 1 8 2 15 A A 15 8
9. J. Button 39 2 10 1 4 8 8 6
10. P. di Resta 36 4 A 4 12 6 2 6 2
11. A. Sutil 23 6 A A 10 1 6 A
12. S. Perez 18 2 8 2 A 4 2
13. J. Vergne 13 1 A A 4 8 A A
14. D. Ricciardo 11 A 6 1 A 4
15. N. Hülkenberg 7 S 4 1 A 1 1
16. P. Maldonado 1 A A A 1
17. V. Bottas 0 A
18. E. Gutierrez 0 A A A
19. J. Bianchi 0 A A
20. C. Pic 0 A
21. G. van der Garde 0 A A
22. M. Chilton 0

Manufactures championship standings:

1.RedBull 277

2.MercedesBenz 208

3.Ferrari 194

4.Lotus 183

5.Force India 59

6.McLaren 57

7.Toro Rosso  24

8.Sauber 7

9.Williams 1

10.Marussia 0

11.Caterham 0

Silverstone Young Driver Test 2013: The Driver Line-Up

Note: The Young Driver Test (17th-19th of July) at Silverstone is also a tyre test, because Pirelli is planning to bring the new tires to Hungary.

So the current driver’s in the teams, not only the rookies, will compete the YDT to give feedback of the new tires.

Here the driver line-up of the 10 teams competing the YDT:

Infiniti Red Bull Racing:

Sebastian Vettel

Antonio Felix Da Costa (first two days)

Carlos Sainz Jr. (first two days)

Daniel Riccrado (Wednesday)

Scuderia Ferrari

Davide Rigon (all three days)

Felipe Massa

Vodafone McLaren Mercedes

Kevin Magnussen (Wednesday)

Oliver Turvey (Thursday)

Gary Paffet     (Friday)

Mercedes AMG Petronas

Pirelli will give the new tyre data to the Mercedes team.


Davide Valsecchi (Thursday)

Nicolas Prost    (Wedensday)

Sahara Force India

Adrian Sutil (all three days)

Paul Di Resta (all three days)

James Calado (Wednesday)


Nico Hülkenberg (all three days)

Robin Frijns (Wedensday and Thursday morning)

Kimiya Sato  (Thursday and Friday morning)


Pastor Maldonado (all three days)

Daniel Jucandella (Wednesday)

Susie Wolff (Friday)

Toro Rosso

Daniel Ricciardo

Jean Eric Vergne

Carlos Sainz Jr.

Johny Cecotto Jr.

Daniil Kwjat


Alexander Rossi (Wednesday)

Will Stevens (Thursday)

Giedo van der Garde (Friday)

Charles Pic (Friday)


Tio Ellinas

Rodolfo Gonzales

Jules Bianchi

Max Chilton

Scuderia Toro Rosso, Sahara Force India to change engines for 2014

Toro Rosso will switch to Renault power for the start of F1′s new V6 engine era which will start from 2014.

Image credit: f1pulse.com

German specialist publication Auto Motor and Auto Sport, reporting that the Red Bull sister team will end its long association with supplier Ferrari after the V8 era concludes late next year.

Red Bull Racing, the energy drink’s premier F1 team, is Renault’s ‘works’ partner, running major branding of Renault partner Nissan’s luxury arm Infiniti.

They (Auto Motor and Sport), also report that “there are rumours Force India will in 2014 change from Mercedes to Ferrari engines”.

The reason for the teams’ decisions could be mainly the price factor, with engine costs rising from about €8m at present to in some cases over €20m in 2014.

Dr.Vijay Mallya: Force India in no rush to name drivers for 2013

Image by Sky Sports

Sahara Force India F1 team Principal Dr.Vijay Mallya has said he is in ‘no rush’ to confirm the teams’ driver line-up for F1 2013 and says that they will make the announcement at the end of the season like they have been doing in previous years.

Following Nico Hulkenberg’s move to Sauber , a vacant seat is to be filled at the Silverstone-based outfit, and while Paul di Resta is thought almost certain to be retained, the identity of his team-mate remains a mystery.

A number of drivers’ have been in contention  including the team’s current test and development driver and Ferrari Academy driver, Jules Bianchi, as well as Toro Rosso reject Jaime Alguersuari, Red Bull reserve driver Sebastian Buemi, Adrian Sutil and current Williams driver Bruno Senna. Also Caterham’s Heikki Kovalainen was heard to be in talks with Force India last month.

“We have traditionally waited until the end of the season to confirm our line-up and I expect we will stick to this schedule,” Mallya stated prior to this weekend’s inaugural US GP at the Circuit of the Americas. “With the state of the driver market at the moment there is no rush to make an announcement.

“We have a shortlist and will take our time to make sure we have the fastest drivers.”

Looking back on the previous race in Abu Dhabi, where di Resta finished eighth, Vijay Mallya admitted the race at the Yas Marina Circuit was bitter-sweet.

“I have mixed feelings because we extended our run of points finishes, but on the other hand our two main rivals were ahead of us and scored well,” he explained. “With two races to go Sauber are almost out of reach and Williams are just 22 points behind us.

“The opening lap was frustrating [given Hulkenberg retired immediately], but we all recognise that these things can happen in racing. The important thing is to look forward and make sure it doesn’t happen again. Without the problems at the first corner, I’m convinced we could have been up there fighting for some bigger points.”

As for this weekend’s race, Mallya is happy to see the United States rejoin the F1 fold: “It’s such an important market for the teams and the brands associated with the sport so it’s a very welcome return to the calendar. It will be the first time Sahara Force India has raced on American soil and the whole team is excited to be going there. Visiting a new venue always presents us with new challenges, but from what I’ve heard we can expect a first class facility. Austin is a friendly place with good hospitality and I’m sure we will receive a very warm welcome,” he added.


Adrian Sutil’s manager says Force India talks ‘not concrete’

Adrian Sutil’s manager Manfred Zimmermann has played down reports the German is in line for a return to F1 with Sahara Force India in 2013.

With Nico Hulkenberg switching to Sauber next year, Force India Team Principal Dr.Vijay Mallya admitted last weekend that Adrian Sutil is an optional candidate to replace the outgoing Nico Hulkenberg.

Adrian Sutil has been on the sidelines this year following his bar incident conviction of 2011.

Switzerland’s 20min. quotes admitting there are “definitely opportunities” for a return to formula one in 2013. But his manager Manfred Zimmermann is for now playing down the Force India link. “There are no concrete negotiations with Force India,” he told the German news agency DPA by telephone.

Zimmermann said Sutil, 29, has several options for 2013. “I think we have legitimate hopes,” he said. “We hope the puzzle is over in the next 14 days.” Indeed, another contender for Hulkenberg’s Force India seat must be the team’s reserve driver Jules Bianchi, who is backed by Ferrari and managed by Felipe Massa’s manager, Nicolas Todt. “If a place becomes available,” the French rookie told RMC Sport, “there will be plenty of contenders.

“The main objective is Force India,” admitted Bianchi.

Official: Hülkenberg to Sauber

Nico Hülkenberg will drive for Sauber in 2013.  But Sauber didin’t tell who he’s teammate will be, will it be Kamikaze (Kobayashi) or another Mexican like Esteban Gutierrez. Drivers like Alguersuari, Kovalainen, or Sutil still have chances to be the Number 2 in the team.

Hülkenberg’s joining to Sauber was absolutley right. He had to make a step forward in his career and we don’t know if the Sahara Force India team is financially alright. So Hülkenberg could stay for Sauber many years, if Telmex stays as sponsor.

Hülkenberg was from 2008-2009 testdriver by Williams, in 2009 he was GP2 champion. Hülkenberg was driving for Williams in 2010, he’s highlight in that year was he’s pole in Sao Paulo under rainy conditions. The Netherlands Robert Frijns has good chances to be testdriver by Sauber for the next season. He won three championships in three years (!), Formula BMW Eurocup 2010, Formula Renault 2.0 and the Formula Renault 3.5 Series this year.

Korean GP: Vettel grabs commanding win, moves into championship lead

Sebastian Vettel swept into the Formula 1 world championship lead by delivering a dominant victory in the Korean Grand Prix. 

Vettel’s third consecutive race win came at the head of a Red Bull one-two, with team Mark Webber in second.

Polesitter Webber had immediately lost the lead to Vettel off the line, and after fending off the Australian’s attempted retaliation at Turn 3, Vettel was free to pull away. His lead got up to around 10 seconds before he focused on nursing his tyres to the flag.

Fernando Alonso muscled his way up to third in a busy first lap, but had no answer to the Red Bulls’ pace.

The erstwhile points leader kept Webber vaguely in sight as he completed the podium.

McLaren had a disastrous day. Jenson Button was taken out on lap one when Sauber’s Kamui Kobayashi hit both Button and Mercedes’ Nico Rosberg at Turn 3.

Lewis Hamilton ran fourth behind Alonso in the first stint before losing pace on his second set of tyres. He was overtaken by both Felipe Massa and Kimi Raikkonen before switching to a three-stop strategy.

That left Hamilton back in 10th, his efforts to recover positions stymied when he picked up a large piece of astroturf in the final laps.

Having dispatched Hamilton, Massa closed in on Ferrari team-mate Alonso. He received a radio message requesting that he hold formation, and duly finished fourth, ahead of Raikkonen’s Lotus.

Nico Hulkenberg drove an excellent race to sixth for Force India, delivering one of the most exciting moments of a largely tedious race when he passed both Romain Grosjean and Hamilton in one sweep as the Lotus and McLaren diced. Grosjean took seventh.

Toro Rosso had a superb afternoon. Jean-Eric Vergne and Daniel Ricciardo came through from their lowly grid positions to eighth and ninth, swapping places late on as Ricciardo’s tyres faded. Hamilton’s astroturf drama meant the McLaren fell back after putting the STR duo under heavy pressure.

Mercedes’ race was as disappointing as McLaren’s. Following Rosberg’s early exit, Michael Schumacher lacked pace throughout and was eventually pushed back to 13th behind Sergio Perez and Paul di Resta.

The Korean Grand Prix
Korean International Circuit, Korea;
55 laps; 308.630km;
Weather: Clear.


Pos Driver Team Time
1. Vettel Red Bull-Renault 1h36:28.651
2. Webber Red Bull-Renault + 8.200
3. Alonso Ferrari + 13.900
4. Massa Ferrari + 20.100
5. Raikkonen Lotus-Renault + 36.700
6. Hulkenberg Force India-Mercedes + 45.300
7. Grosjean Lotus-Renault + 54.800
8. Vergne Toro Rosso-Ferrari + 1:09.500
9. Ricciardo Toro Rosso-Ferrari + 1:11.700
10. Hamilton McLaren-Mercedes + 1:19.600
11. Perez Sauber-Ferrari + 1:20.000
12. Di Resta Force India-Mercedes + 1:24.400
13. Schumacher Mercedes + 1:29.200
14. Maldonado Williams-Renault + 1:34.900
15. Senna Williams-Renault + 1:36.900
16. Petrov Caterham-Renault + 1 lap
17. Kovalainen Caterham-Renault + 1 lap
18. Glock Marussia-Cosworth + 1 lap
19. Pic Marussia-Cosworth + 2 lap2
20. Karthikeyan HRT-Cosworth + 2 laps

Fastest lap: Webber, 1:42.037

Not classified/retirements:

Driver Team On lap
De la Rosa HRT-Cosworth 17
Kobayashi Sauber-Ferrari 17
Rosberg Mercedes 2
Button McLaren-Mercedes 1

World Championship standings, round 16:

Drivers: Constructors:
1. Vettel 215 1. Red Bull-Renault 367
2. Alonso 209 2. Ferrari 290
3. Raikkonen 167 3. McLaren-Mercedes 284
4. Hamilton 153 4. Lotus-Renault 255
5. Webber 152 5. Mercedes 136
6. Button 131 6. Sauber-Ferrari 116
7. Rosberg 93 7. Force India-Mercedes 89
8. Grosjean 88 8. Williams-Renault 58
9. Massa 81 9. Toro Rosso-Ferrari 21
10. Perez 66
11. Kobayashi 50
12. Hulkenberg 45
13. Di Resta 44
14. Schumacher 43
15. Maldonado 33
16. Senna 25
17. Vergne 12
18. Ricciardo 9

All timing unofficial


Source: Autosport F1

Friday analysis – Suzuka casts its slippery spell

Two practice sessions in consistent conditions were welcomed by the teams, who were thus able to conduct all of their usual tyre testing and long-run lappery without interruption from the weather. The indications are that the times are so close that everyone will have to wring everything out of their packages to maximise performance.
The accidents which befell Paul di Resta and Michael Schumacher in the Spoon Curve showed how important it was not to get a wheel in the dirt as the track rubbered in. The indications are that tyre management will be crucial in the race, as many drivers reported chunking of the right-rear option tyre…

Red Bull
Mark Webber, 1m 34.856s, P3/1m 32.493s, P1
Sebastian Vettel, 1m 36.366s, P17/1m 32.836s, P3
Both drivers felt that the RB8 was performing, but each complained that the balance wasn’t quite there. Vettel said his car was more nervous in the morning, but that they need to take a step forward overnight in order to stay on the pace for qualifying.

Lewis Hamilton, 1m 34.740s, P2/1m 32.707s, P2
Jenson Button, 1m 34.507s, P1/1m 33.349s, P7
Hamilton said that he could have matched Webber’s time with an optimal lap and that he felt comfortable in his MP4-27, which was the best McLaren he’d ever driven here. Button was happy in the morning but less so in the afternoon and said that the balance of his car wasn’t quite there. Both think they will be close to the front tomorrow, but expect the times to be very tight.

Sahara Force India
Nico Hulkenberg, 1m 35.474s, P9/1m 32.987s, P4
Paul di Resta, 1m 35.299s, P8/No time, P24
Hulkenberg said he was happy with his VJM05 on a light fuel load but that more work was needed for race trim. Di Resta was happy with the balance of his car in FP1, before rueing the mistake that cost him all of FP2.

Fernando Alonso, 1m 35.484s, P11/1m 33.093s, P5
Felipe Massa, 1m 35.283s, P7/1m 33.614s, P9
Alonso said his F2012 felt reasonably good, while Massa said he was quite happy with the way his day had gone. It was the usual cautious stuff from the Scuderia on a Friday.

Romain Grosjean, 1m 35.724s, P14/1m 33.107s, P6
Kimi Raikkonen, 1m 35.691s, P13/1m 34.291s, P14
Both E20s ran new front wings and the Singapore floor, while Grosjean tried a new rear wing in FP2, but the team have given up here with their double DRS, ‘the Device’, as they had trouble getting it to switch on fully. Grosjean reported that his car felt much better in FP2, but Raikkonen lost a lot of time due to a KERS malfunction.

Bruno Senna (pm only), 1m 33.499s, P8
Pastor Maldonado, 1m 35.478s, P10/1m 34.300s, P15
Valtteri Bottas (am only), 1m 36.389s, P18
Williams had a productive and extremely busy couple of sessions as Maldonado and Senna ran different programmes as they successfully evaluated a number of new components. Both felt that they established a good baseline set-up for the remainder of the weekend.

Michael Schumacher, 1m 35.122s, P5/1m 33.750s, P10
Nico Rosberg, 1m 35.059s, P4/1m 33.866s, P11
Mercedes had a trying day. Rosberg stopped towards the end of FP1 when his engine shut itself down after getting signals that the oil pressure was fading. He missed much of FP2 as the engine was changed. Schumacher, meanwhile, crashed heavily at Spoon Curve in FP2 after putting the right-rear wheel in the dirt.

Sergio Perez 1m 35.584s, P12/1m 33.903s, P12
Kamui Kobayashi, 1m 35.199s, P6/1m 33.983s, P13
Both drivers ran new front wings and both had minor off-track moments. They said that they know how to make the C31 faster for tomorrow, and reported that they’d had positive days.

Toro Rosso
Daniel Ricciardo, 1m 36.123s, P15/1m 34.863s, P16
Jean-Eric Vergne, 1m 36.222s, P16/1m 35.080s, P17
Neither driver reported any problems. Ricciardo was happy that his race pace was strong, while Vergne was pleased with his performance on his first visit to one of the toughest tracks on the calendar.

Heikki Kovalainen (pm only), 1m 35.711s, P18
Vitaly Petrov, 1m 38.295s, P20/1m 35.870s, P19
Giedo van der Garde (am only), 1m 39.374s, P23
Kovalainen said he was happy with the way his afternoon went, while Van der Garde was pleased to have carried out his intended programme in the morning in the Finn’s car. The team appeared to have a more cohesive run plan than had been evident in Singapore. Petrov, however, had a problem at the end of FP2 when, for reasons as yet unidentified, his CT01 lost its rear wing in Turn 1, spinning him into the gravel.

Timo Glock, 1m 37.716s, P19/1m 36.194s, P20
Charles Pic, 1m 38.616s, P21/1m 36.636s, P21
Glock ran a new floor but said that the balance of his MR01 was poor in FP1 and better in FP2. He also said that, having followed KERS-equipped cars here, he felt that Marussia are at a decided disadvantage here without it. Pic was happy, having sampled the track for the first time and ran close to his team mate.

Pedro de la Rosa, 1m 39.688s, P24/1m 37.342s, P22
Narain Karthikeyan, 1m 39.043s, P22/1m 37.701s, P23
De la Rosa and Karthikeyan reported favourably on a new floor and said that they’d had positive days working on their usual programmes.

Source: Formula1.com

Force India Stay ‘Not Certain’ For Nico Hulkenberg

Nico Hulkenberg’s manager has admitted it is “not certain” the German will be staying with Force India in 2013.


The 25-year-old, who finally got his F1 career back on track this season after being dumped by Williams, has been linked by Blick newspaper (Switzerland) with a move to
Sauber. And the BBC reports that Hulkenberg might already have agreed a switch to Ferrari to replace Felipe Massa. But his advisor Timo Gans told Germany’s Sport1: “There’s a pretty good chance that Nico is staying with Force India. “This is not certain yet,” he added. “We are not yet in a position to announce something.” Gans said there is no deadline for a decision.

Should Hulkenberg move to Sauber, it would be bad news for Jaime Alguersuari, who had been regarded as the favorite to replace the McLaren-bound Sergio Perez.

Indeed, after saying recently he is “100 percent sure” he is returning to the grid in 2013, Pirelli tester Alguersuari now sounds less certain. “There has been contact and there is a bright future in Formula One,” he told the Spanish website caranddriverthef1.com.

“Obviously, I have nothing on the table signed as I am waiting to see what happens with the latest moves,” added Alguersuari.

Italiaracing said there has been some contact between the young Spaniard and Force India, whose Hulkenberg and Paul di Resta have both been linked with moves elsewhere. Switzerland’s Blick said Red Bull reserve driver Sebastien Buemi could be another Force India candidate.

Source: Speed F1

The pressure mounts in India for Kingfisher Airlines

Although Force India has done well this year on the race tracks, there are still very serious worries about the team’s future funding because of difficulties that its two owners – Vijay Mallya and Roy Subrata Sahara – have run into.


Mallya’s deeply-indebted Kingfisher Airlines – which owes an estimated $1.4 billion – is now facing ever-deeper trouble. This morning a number of Kingfisher pilots in Mumbai decided to join the strike called by the company’s engineers, who are complaining that their salaries have not been paid in seven months. The Indian Directorate General of Civil Aviation says it is “examining the situation” and will decide whether it is safe for the airline to continue to operate flights.


Almost all the shares in Kingfisher Airlines have been pledged to guarantee loans, many of them to other companies in the Mallya empire, but also to banks. Some of the debts have been sold on to other financial institutions. It has been clear for some time that Mallya has been running out people willing to loan him money. No-one appears to want to buy into the airline and thus there is strain on other companies in the empire. The local offshoot of the credit rating agency Moody’s has in recent days reduced the rating on the loans to Mallya’s United Spirits to junk status. This will increase the pressure on Mallya to sell the profitable liquor business to Diageo. The British firm is playing a canny game at the moment and says it wants control of the Indian business, or at least to be able to have a way to gain control in the future. Mallya is baulking at that but he seems to be running out of options. Even if he sells some of his stake in United Spirits, Mallya will not have enough money to pay Kingfisher’s debts, although it might allow him to find banks willing to keep the airline afloat.


In the meantime Sahara is also in significant trouble. At the end of August the Supreme Court of India ordered the company to pay a thumping $5 billion to the Securities and Exchange Board of India within three months, in order for the Sahara investor to be refunded. In addition the court ruled that investors should be paid 15 percent interest for each year. This means that the full extent of the repayment should be in the region of $10 billion. That money will be deposited in a nationalized bank that offers the maximum rate of interest and will then be repaid to investors. If this money is not paid the regulator has the right to seize and sell property and freeze all Sahara bank accounts. The firm was ordered to furnish the regulator with all the appropriate records by September 10, which it failed to do. It is not clear where all this leaves the F1 team. It will need a solid budget to continue its activities and to fund its technology deals with Mercedes-Benz and with McLaren, not to mention the operational costs. There have been rumours for some time that the team is up for sale, but it seems that Mallya wants to remain involved so as to retain his image of being the leader of Indian motorsport. Whether the team can find someone who is willing to pay for that is another matter.

Source: joesaward.wordpress.com