Dutch supercar manufacturer Spyker has staved off bankruptcy by offloading its F1 team for a cool 80 million Euros ($110 million USD). That's the kind of pocket change that new owner Vijay Mallya loses in his car seats every year. Mallya, currently ranked the world's 664th richest man by Forbes, owns Kingfisher Airlines and the popular Indian beer of the same name, but is most famous in F1 circles for hosting lavish parties aboard his 311' yacht "Indian Empress" over the Monaco Grand Prix weekend.

This marks the first time an Indian individual or company has taken such a prominent role in international motorsport, though rumored Jaguar and Land Rover buyer Tata has sponsored Spyker's predecessor Jordan in the past, and currently backs Williams F1. Both the Tata and Mallya families will now be lobbying Bernie Ecclestone hard to get a race around the streets of New Delhi on the F1 calendar within the next few years.

[SOURCE: The Guardian]


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