Force India gets £50 million cash injection
© Sahara Force India F1 Team
|21 November 2012 by Ryan Wood | M||Tweet
Force India's finances for 2013 have been bolstered following a cash injection of £50 million ($80m) for 2013, giving them an increased budget for the season.
Team co-owner and principal Vijay Mallya confirmed the team's board met after Abu Dhabi and agreed fresh capital investment to improve their facilities in order to improve future designs.
"When speaking to our technical team we expect an even better car for 2013," he said. "We have shown that every year we get better, so we expect nothing less next season.
"But it is also time for us to look at capital investment. In order to go up the ladder even further we need to have the tools and the facilities, so we are looking at some investments which will start paying out rich dividends in the future," he added.
The team has come under scrutiny following news that Mallya and co-owner Subrata Roy are both under financial strain, but the Indian billionaire says he has reassured Bernie Ecclestone that the team is in a financially stable position.
"As far as Sahara Force India is concerned, we are alright," stated Mallya. "In fact both Sahara Sri Subrata Roy and myself went to see Bernie Ecclestone in Delhi during the Grand Prix and showed him that Force India was stable and financially safe."