Making noises about his own prospects for next season
Tag Archive: Vijay Mallya
Time is running short if formula one needs three-car teams to bolster dwindling grid numbers in 2015.
That is the claim of Eric Boullier, boss of the McLaren team, presumably one of the richer outfits that would be called upon by Bernie Ecclestone to pick up the slack should some struggling teams collapse over the winter.
Ferrari has split from the pack and declared its support for three-car teams in formula one.
Amid rumours up to three or four teams are in financial peril, Bernie Ecclestone said in Singapore that the sport would fill the grid gaps by requiring top teams to move from two to three-car operations as soon as 2015.
Force India has played down this week’s alarming news from India about team supremo Vijay Mallya.
Amid the decline of his airline Kingfisher, the former billionaire was declared a ‘wilful defaulter’ by the public sector lender the United Bank of India, meaning he will lose his director positions and be unable to borrow money.
Drivers at Force India and Williams appear unlikely to feature in this year’s F1 ‘silly season’.
He may now be an ‘ex-billionaire’ as his airline sinks, and he is set to begin the new financial year by facing court in India as an alleged ‘wilful defaulter’, but Vijay Mallya’s Force India team is doing well in formula one.
Struggling F1 teams could be dealt another financial blow.
There are reports that the European Union is considering banning alcohol sponsorships in sport. Some years ago, F1 had to deal with the loss of tobacco millions, even though Ferrari continues to be quietly backed by Marlboro parent Philip Morris.