F1 team Sponsor flies 2 point of no return ??
#1
Team Owner
Thread Starter
Member Since: Sep 2003
Location: Raleigh / Rolesville NC
Posts: 43,084
Likes: 0
Received 25 Likes
on
25 Posts
F1 team Sponsor flies 2 point of no return ??
Force India's sponsor Kingfisher Airlines may be history
http://finance.yahoo.com/news/kingfi...111040372.html
Team Principle and Kingfisher CEO Vijay Mallya says he is in holding pattern.
Team Profile
http://www.formula1.com/teams_and_dr...m_profile.html
"While the airline has value to Mallya as a branding tool for his flagship Kingfisher beer, that isn't necessarily worth much to an outside investor.
Mallya, who with his cricket and Formula One racing teams and flashy lifestyle bills himself as the "King of Good Times", has failed in numerous bids to bring in fresh equity. His options are hobbled by a 49 percent cap on foreign investment."
http://finance.yahoo.com/news/kingfi...111040372.html
Team Principle and Kingfisher CEO Vijay Mallya says he is in holding pattern.
Team Profile
http://www.formula1.com/teams_and_dr...m_profile.html
"While the airline has value to Mallya as a branding tool for his flagship Kingfisher beer, that isn't necessarily worth much to an outside investor.
Mallya, who with his cricket and Formula One racing teams and flashy lifestyle bills himself as the "King of Good Times", has failed in numerous bids to bring in fresh equity. His options are hobbled by a 49 percent cap on foreign investment."
Last edited by AU N EGL; 03-21-2012 at 05:58 PM.
#5
Safety Car
#7
Safety Car
Before we all plan a wake for Force India F1, you might want to read up on Vijay Mallya and see just how much $$$ there is in his bank account, how many businesses he owns and/or controls, and how little Kingfisher Air sponsorship has to do with the success or failure of the racing team.
http://en.wikipedia.org/wiki/Vijay_Mallya
http://en.wikipedia.org/wiki/Force_India
(particularly the "Sponsorship and Partners" section.)
If Mallya and Sahara want the team to succeed, they certainly have the ability to make it so ($$$) completely aside from the fortunes of Kingfisher Air.
Z//
http://en.wikipedia.org/wiki/Vijay_Mallya
http://en.wikipedia.org/wiki/Force_India
(particularly the "Sponsorship and Partners" section.)
If Mallya and Sahara want the team to succeed, they certainly have the ability to make it so ($$$) completely aside from the fortunes of Kingfisher Air.
Z//