{"id":22006,"date":"2014-05-21T12:37:24","date_gmt":"2014-05-21T16:37:24","guid":{"rendered":"https:\/\/www.racinginfocus.com\/?p=22006"},"modified":"2014-05-21T12:38:49","modified_gmt":"2014-05-21T16:38:49","slug":"mallya-denies-debt-jail-hurting-force-india-image","status":"publish","type":"post","link":"https:\/\/www.racinginfocus.com\/rif\/formula-1\/mallya-denies-debt-jail-hurting-force-india-image\/","title":{"rendered":"Mallya denies debt, jail hurting Force India image"},"content":{"rendered":"

Vijay Mallya has distanced Force India from the travails of the Silverstone based team’s co-owners.<\/p>\n

\"Vijay-Mallya-1\"For one, the Indian’s struggling airline, Kingfisher, is grounded and in debt.<\/p>\n

“My airline is a corporation,” Mallya insisted on Wednesday.<\/p>\n

“I know of no company in the world in which the director or a shareholder is held responsible for the entire group.<\/p>\n

“In addition to the airline I have many other companies, and my main business is the sale of alcoholic beverages.<\/p>\n

“This is growing continuously and not at all affected by the problems of the airline,” he told Germany’s Auto Motor und Sport.<\/p>\n

Force India’s other main shareholder, meanwhile, is Subrata Roy, heading the title sponsor Sahara.<\/p>\n

At the present moment, Indian Roy is in jail, reportedly after failing to pay back billions to investors.<\/p>\n

“Sahara’s problems have nothing to do with formula one,” Mallya said.<\/p>\n

“Two of his companies have collected money from investors, which is being examined and challenged.<\/p>\n

“But Sahara’s investment in our team is completely independent of that,” he added.<\/p>\n

Mallya also played down suggestions the issues of debt, failure and jail are bad for Force India’s image.<\/p>\n

“That is an academic question,” he insisted.<\/p>\n

“So far, not a single sponsor has run away.\u00a0 Our team is evaluated for its performance on the race track, and the benefits that derive from that,” said Mallya.<\/p>\n

\u00a9 RIF | GMM<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Vijay Mallya has distanced Force India from the travails of the Silverstone based team’s co-owners. For one, the Indian’s struggling airline, Kingfisher, is grounded and in debt. “My airline is a corporation,” Mallya insisted on Wednesday. “I know of no company in the world in which the director or a shareholder is held responsible for …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0},"categories":[3],"tags":[5262,576,5340,3570,292],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/22006"}],"collection":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/comments?post=22006"}],"version-history":[{"count":2,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/22006\/revisions"}],"predecessor-version":[{"id":22008,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/22006\/revisions\/22008"}],"wp:attachment":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/media?parent=22006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/categories?post=22006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/tags?post=22006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}