Two buyers eye struggling F1 teams

Wed, 29 August 2007, 12:09

Two potential buyers for F1’s financially-embattled teams have emerged.

With small privateer outfits Spyker and Super Aguri both under strain and looking for investors, it appears that Vijay Mallya and Tony Teixeira are both separately in the market to join the grand prix circus.

Mallya, a wealthy Indian businessman whose airline Kingfisher is already a sponsor of Toyota, is in talks with a team about a deal “which may be close to being sealed”, the publication CNN-IBN said.

51-year-old Mallya is also likely to be a key backer of a future Indian grand prix, and he said of the team ownership speculation: “Everything is possible.

“To have a larger involvement in a formula one team would very possibly have a domino-effect with regards to the interest of the sport in our country,” he told an interview with the Indian television station CNBC-TV18.

Also linked this week with an interest in F1 ownership is Tony Teixeira; a South African oil and diamond magnate who was instrumental in the establishment of the A1 Grand Prix series.

“I will not deny that I am interested in formula one, but I have not spoken with anybody at Spyker,” he told the magazine Formule 1 Race Report, after he was linked with the Dutch team.

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