September 17, 2007
Written by C.N.
You’ve heard about the economic and political rise of India for a while now. Well now, thanks to Indian billionaire Vijay Mallya, India is poised to become significantly more involved in one of the most prestigious and glamorous forms of athletics and entertainment in the world — Formula One motor racing:
Indian billionaire Vijay Mallya has promised his country to do his best to bring India into Formula One – and the sport to India. Mallya teamed up with Spyker’s director of Formula One Michiel Mol to make an 80 million euro bid for the cash-strapped team.
A statement earlier today said their offer had been accepted by Spyker Cars, and the buyout will be completed within 30 days. “Team India is on the F1 grid,” Mallya declared proudly in a press conference held today at Mumbai.
Mallya’s purchase of the Spyker F1 team is the latest step in India’s growing involvement in the sport. It began two years ago when Narain Karthikeyan became the first Indian-born driver ever to race in Formula One and is also progressing through the anticipated Grand Prix of India race that is scheduled for 2009.
All in all, these moves are further examples of India’s rise and efforts to raise its status and prestige on the international political, economic, and athletic stage.
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Suggested reference: Le, C.N. . "India Becoming More Involved in Formula One Racing" Asian-Nation: The Landscape of Asian America. <http://www.asian-nation.org/headlines/2007/09/india-becoming-more-involved-in-formula-one-racing/> ().
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