Fair Distribution of Revenues Must to Solve F1 Crisis: Vijay Mallya

Vijay Mallya is sad that teams barring the top ones are struggling to survive in a sport that generates revenue worth USD 1.7 billion every year.

Updated: November 07, 2014 18:37 IST
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Vijay Mallya
A file pic of Sahara Force India owner Vijay Mallya.

© AP

New Delhi: The deepening of the Formula 1 financial crisis has prompted Force India boss Vijay Mallya to say that the sport's owners must fix the revenue sharing model among teams for the survival of smaller outfits like his.

All eyes are on the future of midfield teams like Force India after the two smallest teams -- Caterham and Marussia -- failed to make the grid at the United States Grand Prix last week owing to ownership and financial issues.

It is unlikely they will take part in the last two races of the season, leaving all stakeholders to ponder over the road ahead for F1, which has not been able to keep a check on the rising costs for more than a decade.

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