Force India
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Mr Senna

Original Poster:

1,044 posts

238 months

Tuesday 15th November 2011
quotequote all
I pray Mr Di Resta and the team are not going to be badly effected by this;

http://www.bbc.co.uk/news/business-15732235

EDLT

15,421 posts

235 months

Tuesday 15th November 2011
quotequote all
He'll be fine, if FI can't afford to pay they just won't (allegedly).

cragswinter

21,429 posts

225 months

Tuesday 15th November 2011
quotequote all
eek they are some figures!

Mr Senna

Original Poster:

1,044 posts

238 months

Tuesday 15th November 2011
quotequote all
The simple truth is, if the airline is having a tough time why would the shareholders allow the F1 sponsorship to continue?

Quote

India's second-biggest airline has not posted a net profit since it started operations in May 2005 and is about $1.2bn in debt.


miniman

30,000 posts

291 months

Tuesday 15th November 2011
quotequote all
Mr Senna said:
The simple truth is, if the airline is having a tough time why would the shareholders allow the F1 sponsorship to continue?
Because the airline is only a tiny part of Kingfisher?

E30M3SE

8,493 posts

225 months

Tuesday 15th November 2011
quotequote all
miniman said:
Mr Senna said:
The simple truth is, if the airline is having a tough time why would the shareholders allow the F1 sponsorship to continue?
Because the airline is only a tiny part of Kingfisher?
Which is a small part of the Mallaya empire that is United Breweries Group LTD.

belleair302

7,008 posts

236 months

Tuesday 15th November 2011
quotequote all
Remember Mallaya recently sold a minority stake team to a vast Indian conglomerate (Sahara Group) who have pockets deeper than the sovereign state of Abu Dhabi. They recently tried to buy an Indian Premier cricket team (Pune) for US $ 370 million. Worry not!

JxT

339 posts

203 months

Tuesday 15th November 2011
quotequote all
As said above, Mallya doesn't own all of FI anymore, or even over half of it. He's on the way out as a team owner. There are plenty of people out there at the moment who are looking to buy an F1 team if VM needs to sell his stake.

Again, as said above, Kingfisher is a small part of his empire. It's not all he owns. It has never made a profit.

Finally, whilst the number are big, every set of airline results contains big numbers. That's the nature of the sector.