{"id":33037,"date":"2016-02-26T06:59:19","date_gmt":"2016-02-26T11:59:19","guid":{"rendered":"https:\/\/www.racinginfocus.com\/?p=33037"},"modified":"2016-02-26T06:59:19","modified_gmt":"2016-02-26T11:59:19","slug":"mallya-gets-75m-f1-sponsor-deal-in-company-split","status":"publish","type":"post","link":"https:\/\/www.racinginfocus.com\/rif\/formula-1\/mallya-gets-75m-f1-sponsor-deal-in-company-split\/","title":{"rendered":"Mallya gets $75m, F1 sponsor deal, in company split"},"content":{"rendered":"<p>Vijay Mallya, the Force India boss and co-owner, will receive $75 million to walk away from a company.<\/p>\n<p>United Spirits, the flagship of the United Breweries company Mallya took over from his late father, will pay the 60-year-old US $75 million to exit after an acrimonious fight with Diageo.<\/p>\n<p>Diageo, the alcohol multinational, had fought with Mallya since taking a controlling stake in United Spirits.<\/p>\n<p>But Mallya will now receive EUR 40 million immediately and the rest in installments, while Diageo has agreed to also extended Smirnoff&#8217;s $15 million per season sponsorship of the Force India team for five more years.<\/p>\n<p>&#8220;The time has now come for me to move on and end all the publicised allegations and uncertainties about my relationship with Diageo and United Spirits,&#8221; Mallya said in a statement.<\/p>\n<p>Force India&#8217;s future in F1 has also been questioned recently due to problems with Subrata Roy, the jailed team co-owner and boss of title sponsor Sahara.<\/p>\n<p>Mallya continued: &#8220;Having recently turned 60, I have decided to spend more time in England, closer to my children.&#8221;<\/p>\n<p>\u00a9 RIF | GMM<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vijay Mallya, the Force India boss and co-owner, will receive $75 million to walk away from a company. United Spirits, the flagship of the United Breweries company Mallya took over from his late father, will pay the 60-year-old US $75 million to exit after an acrimonious fight with Diageo. Diageo, the alcohol multinational, had fought &#8230;<\/p>\n","protected":false},"author":1,"featured_media":33038,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0},"categories":[3],"tags":[5531,5262,576,5340,3570,5530,292],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/33037"}],"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=33037"}],"version-history":[{"count":1,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/33037\/revisions"}],"predecessor-version":[{"id":33039,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/33037\/revisions\/33039"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/media\/33038"}],"wp:attachment":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/media?parent=33037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/categories?post=33037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/tags?post=33037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}