Indian airline and brewing billionaire Vijay Mallya has promised his country to do his best to bring both India into Formula One motor racing - and the sport to India. Kingfisher’s Mallya has teamed up with F1 team Spyker's Michiel Mol to make an €80-million bid for the cash-strapped team.

A statement at the weekend said their offer had been accepted by Spyker Cars – the Dutch luxury car makers - and the buyout will be completed within 30 days.

Vijay Mallya

Source: Flight Daily News