XtraTime Web Desk: Liquor baron Vijay Mallya has relinquished his position as the director of F1 team Force India. But that do not stop him to enjoy his role as boss of the Formula 1 team. It is learnt that the fugitive will pass the baton to his son Siddharth. The reason one learns is Mallya wants to focus on his legal battles and do not want to have any effect on the team.
Siddharth is no new in this role as he has served as a director of Indian Premier League (IPL) franchise Royal Challengers Bangalore.
Talking to Motorsport.com, Mallya said, “I continue as team principal. There was no compulsion anywhere to resign; it’s just that I decided that my son should replace me.”
He added,”I have my own legal issues to take care of. So it’s better that the company remains unaffected.”
Mallya downplayed ongoing suggestions that the team is close to a sale.
“Rumours keep going on and on and on, and people talk and talk and talk. That’s what the F1 paddock is all about.
“The finances of Force India, whether I’m selling or not selling, has been a matter of speculation on and off for many years.
“We don’t go around with a for ‘sale sign.’ The bottom line is that we are focussing on getting the best performance out of the car, and that is our priority. We’re focussing on getting more sponsors.
“There are three shareholders, remember, I’m not the only one. If somebody comes along with a serious offer, and puts cash on the table, we will jointly consider it.”