News Details
Mallya exit from United Spirits 'won't affect Force India'
XPB Images
Vijay Mallya has resigned from his position as chairman of drinks company United Spirits (USL), but says that this will not impact his role as team principal and managing director of Force India. "Having recently turned 60, I have decided to spend more time in England closer to my children," Mallya said on Thursday as he confirmed he was stepping down from his role at United Spirits, although he will maintain the courtesy title of 'Founder Emeritus'. His resignation was part of a deal agreed with United Spirit's majority owners, global drinks manufacturer Diageo, who took over the business in 2013. Diageo will pay Mallya $75 million as a severance package in...
Full Story »
Full Story »
You May Also Be Interested In...
Mallya gets $75 million payout and keeps F1 team
Force India boss and co-owner Vijay Mallya will receive $75 million to...
10y ago from GrandPrix247.com
Force India boss gets $75m, F1 sponsor deal, in...
Force India boss gets $75m, F1 sponsor deal, in company split Vijay...
10y ago from ThisIsF1.com
Force India's team – Falling apart from the...
Vijay Mallya, the Force India boss and co-owner, will receive $75 million...
10y ago from F1.co.uk
Force India secure 5 year Sminoff agreeement
The Sahara Force India Formula One team have secured a 5 year agreement...
10y ago from JWGrandPrix.com
Elsewhere On The Network
Popular On MGPToday.com
Exclusive: Ai Ogura in, Alex Rins out at Yamaha for...
No description available...
23h ago from Motorsport.com
Guenther Steiner: MotoGP riders ‘need to be of a...
Tech3 KTM CEO Guenther Steiner has continued to share his admiration for...
1d ago from MotorsportWeek.c...
Trackhouse team owner Justin Marks: MotoGP must take...
No description available...
1d ago from Motorsport.com
KTM backs “unlucky” Maverick Vinales to return and...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Andretti confirmed to field just three cars for Indy...
Andretti Global has confirmed that the team will only run three cars in...
2d ago from MotorsportWeek.c...
AJ Foyt Racing adds Toby Sowery as reserve driver
No description available...
2d ago from Motorsport.com
Toby Sowery joins AJ Foyt Racing in IndyCar reserve...
AJ Foyt Racing has appointed Toby Sowery as the team’s reserve driver...
2d ago from MotorsportWeek.c...
Feature: RLL’s split fortunes in Barber highlight...
At the most recent IndyCar race from Barber Motorsports Park, Graham...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC Croatia: Hyundai closes in on first win to end...
No description available...
13h ago from Motorsport.com
Thierry on top in Croatia
Thierry Neuville and Martijn Wydaeghe are on track to claim Hyundai’s...
16h ago from MotorsportWeek.c...
WRC Croatia: Puncture chaos hands Thierry Neuville...
No description available...
16h ago from Motorsport.com
WRC Croatia: Adrien Fourmaux crashes out as Sami...
No description available...
22h ago from Motorsport.com
Popular On GunnersToday.com
“Apparently he’s the biggest leader since Lord...
Jan Age Fjortoft has slammed Arsenal star Declan Rice after the Gunners'...
29m ago from SportsKeeda.com
Perspective: 5 reasons Mikel Arteta sack would be a...
Nine points clear at the top of the table with six games left and Arsenal...
29m ago from CaughtOffside.com
Sources: Liverpool & Chelsea have 'very concrete...
Liverpool and Chelsea are among the clubs preparing to make a move for one...
1h ago from CaughtOffside.com
'For sure…' – Decision to be made soon as...
Fabrizio Romano has an Arsenal transfer news update regarding the future...
2h ago from CaughtOffside.com
Comments
Hottest News
No shake-up in Miami: Ferrari stick with Santi for Hamilton
There will be no shakeup in the Ferrari garage... Read More »
49m ago from F1i.com
Christian Horner handed overwhelming backing for unlikely...
Christian Horner has been out of F1 since he was... Read More »
1h ago from RacingNews365.com
Piastri shuts down Webber rift talk: ‘It’s a natural...
The Formula 1 paddock thrives on whispers, and... Read More »
1h ago from F1i.com
