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Mallya devastated at losing control of Force India Formula 1 team

Five interested parties can now take over the team 

New Delhi: Vijay Mallya is ‘devastated’ to have lost control of the Force India Formula One team but the embattled tycoon should still have a say in what happens next, according to his right-hand man Bob Fernley. The Briton, who was deputy team principal until a court-appointed administrator took charge last Friday, said that Mallya would act in the best interests of a team he acquired in 2007.

“I don’t know. I think there’s more to come yet,” he said in an interview at Sunday’s Hungarian Grand Prix when asked whether Mallya’s Formula One adventure had reached the end of the road. “He will also be able to discuss directly with the administrator the future of the team and Vijay is certainly not going to get in the way of making sure the team is fully supported. That’s not his way of doing things. The team means a huge amount to him and he’s devastated with the situation as it is at the moment.” Mallya has a 42.5%  stake in the Silverstone-based team.

INTERESTED SPECTATORS

Mercedes team boss Toto Wolff said there were five interested parties who could now take over the team but it would be for the administrators to decide which was the best long-term prospect.

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