Saturday, November 17, 2007

Vijay Mallya buys Spyker to create Indian Formula 1 team

Spyker’s new owners intend to change the team’s name to Force India for the 2008 season, it was revealed on Saturday.

Indian businessman Vijay Mallya and Dutch entrepreneur Michiel Mol bought out the Silverstone-based squad earlier this month.

The new title, which is expected to be approved by the FIA next week, reflects Mallya’s previously declared aim of bringing an Indian flavour to the former Jordan team, which has undergone three ownership changes in the past two years.

“Having an Indian-owned Formula One team on the grid was something that was considered completely out of reach before,” Mallya told news agency Reuters. “This reflects the new India and new economic prosperity.”

The team’s new logo is also expected to include the Indian national flag within its design.
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