India’s fugitive offender Vijay Mallya was once the darling of the sports world. He owned the Royal Challengers Bengaluru team in the Indian Premier League. During his good times he owned the Force India team. But sadly the team have been placed into administration following a court hearing in London.
Force India will continue to take part at this weekend's Hungarian Grand Prix, the final round before the Formula One summer break.
It is understood that Company owes mexican driver Sergio Perez more than £3 million in sponsorship deals, while the team's engine supplier Mercedes is indebted for close to £11.5million.
Vijay Mallya owns significant amounts to Indian banks and have been sheltered by United Kingdom.