Force India denies takeover rumours

PTI New Delhi | Updated on March 10, 2018 Published on September 09, 2016

Britain Formula One - F1 - British Grand Prix 2016 - Silverstone, England - 8/7/16Force India team principal Vijay Mallya during the press conferenceAction Images via Reuters / Matthew Childs/ Livepic   -  Reuters

Force India's Sergio Perez during practice (file photo)

Britain Formula One - F1 - British Grand Prix 2016 - Silverstone, England - 9/7/16Force India's Sergio Perez during practiceReuters / Andrew Boyers/ Livepic   -  Reuters

'Says no discussions going on with Carlos Slim on buying the team'

Force India today rubbished media reports that Mexican billionaire Carlos Slim is buying the Formula 1 team.

Earlier in the week, Mexican broadcaster Grupo Imagen had reported that Slim is buying the Silverstone—based outfit co—owned by team principal Vijay Mallya.

However, a reliable source told PTI that there was “no substance” to the rumours floating around.

Deputy principal Bob Fernley too dismissed the reports emanating from Mexico.

“There’s no truth in that rumour at all, there are no discussions going on with Carlos Slim regarding buying the team,” Fernley was quoted as saying by

“I don’t think that’s the philosophy that Carlos works with when bringing through drivers, he wants the freedom to do whatever he feels is appropriate for the drivers,” added Fernley.

The team’s Mexican driver Sergio Perez is backed by Slim’s companies and that was the connection being made for the possible sale of the team to the business tycoon.

There was speculation on the future of Perez but he is now expected to stay at Force India alongside current teammate Nico Hulkenberg.

Force India are battling with Williams for the fourth place in the team standings. Williams reclaimed the fourth spot from Force India with a strong showing at the last race in Monza.

Force India are fifth with 108 points, three less than Williams with seven rounds remaining.

Published on September 09, 2016
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