Mallya plays down Force India health rumours
30 August, 2009
Aug.29 (GMM) Vijay Mallya on Saturday played down rumours about the health of his formula one team Force India. Paradoxically for the Indian billionaire, the reports of financial problems for his Silverstone-based outfit coincided with a shock pole position for his driver Giancarlo Fisichella at Spa-Francorchamps.
The Force India team celebrated the historic feat in the Belgian paddock on Saturday, but they are housed this weekend in a former MotoGP motor home, amid rumours their grander paddock presence stayed away for fear of disgruntled unpaid creditors.
It is also rumoured that Mallya is reconsidering his investment in F1 at present, due to the downturn in business in his core airline and alcohol companies. “There must be a lot of wrong information around,” he is quoted as saying by F1′s official website, arguing that the beer and spirits industry is actually thriving.
As for his airline, he insisted that, “My finances do not depend on the airline and neither do Force India’s finances depend on the performance of any of my companies. Force India is securely funded and I am committed to stay here as everybody knows.”