Force India have revealed that the group Sahara, a multi business conglomerate, have brought a 42.5% stake in the British/Indian team worth £100million. This makes it co owners with the team, who currently sit 6th in the 2011 F1 constructors battle.
The group have other sporting interests, and sponsor the Indian cricket team. The money will be used to invest in new technology to improve the performance of the car and team.
"Formula 1 car racing has always remained the bastion of the western world," said company chairman Subrata Roy Sahara."
"The advent of India in this exciting sport has remained a matter of pride for all our countrymen. I feel doubly proud that Sahara is the co-owner of India's only Formula 1 team and I am sure that through Sahara Force India, we will together bring pride and laurels to our beloved nation."
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| (c) Octane Photographic |
The group have other sporting interests, and sponsor the Indian cricket team. The money will be used to invest in new technology to improve the performance of the car and team.
"Formula 1 car racing has always remained the bastion of the western world," said company chairman Subrata Roy Sahara."
"The advent of India in this exciting sport has remained a matter of pride for all our countrymen. I feel doubly proud that Sahara is the co-owner of India's only Formula 1 team and I am sure that through Sahara Force India, we will together bring pride and laurels to our beloved nation."
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