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Old 30th July 2013, 12:16   #16
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Default re: Indian F1 Grand Prix: No racing in the foreseeable future

Seems to be a planned approach, you first take out the GP. Then the organizers come running to Bernie. He sits in the negotiating chair ...and makes them submit to an unfair deal and then gives the great sentence of alternating with Korea or one of the other GPs. He is Scrooge McDuck personified. The Chinese GP is a joke and we have a concrete deal for that and Indian GP is full of passionate fans and we get this ?
I just hope the Germans have their way and lock him up. The fans have had enough.
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Old 30th July 2013, 12:37   #17
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Default re: Indian F1 Grand Prix: No racing in the foreseeable future

I don't buy Mr. Chadhok's 'rescheduling' argument. If FOM was looking to move the Indian GP to another slot, Bernie would've said so.

What he did say was it's too political, which doesn't seem like anything to do with scheduling issues. He may not be making enough dough from the GP (plus the local govt. is probably causing regulatory issues), and he's got better offers lined up.


No circuit around the world breaks even on race revenue alone, and India neither has a large enough fan-base or the infrastructure to take advantage of add-on business that an F1 event creates. It takes time to create a market, and Bernie neither has the patience nor the inclination for it.
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Old 30th July 2013, 13:00   #18
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Default Re: Indian Grand Prix a no-show for 2014 F1 season?

Not surprised to read this at all. With the government not recognizing (or willing to recognise) Formula One as a sport, the only way for F1 to continue in India is by means of a formal bribe. A No Objection Certificate to host F1, then they tax the teams and charge customs duties. God knows if there are other charges to be made for the race to take place. Sad state of affairs.
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Old 30th July 2013, 20:37   #19
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Default Re: Indian Grand Prix a no-show for 2014 F1 season?

In case of India GP is going, can't they just allow the public to race and go crazy for a fee to break even on the costs.

Three things would be solved,
1) the so-called stuntsmen of the indian roads would be off the road and would be putting their life's and other like minded people in problem only (residents are safe).
2) The owners can get their costs recovered
3) Maybe a new talent would be discovered.

I mean it would be a shame to let a circuit go to waste. Hope the state of Nürburgring circuit doesn't happen to the Buddh.

I hope there are no plans for a BUDDH SHOPPING MALL, BUDDH COMPLEX for the circuit land.
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Old 30th July 2013, 21:07   #20
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Default Re: Indian Grand Prix a no-show for 2014 F1 season?

Add to that there is now a confirmed news that Indian GP will not happen in 2014

http://sports.ndtv.com/formula-1/new...om=home-sports

Reason cited is that for 2015 race schedule might be shifted to first half of 2015 and hence organizing of two races in 6 months time is not feasible even money wise.
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Old 30th July 2013, 21:10   #21
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Default Official: 2014 Indian F1 GP cancelled

Link to News Section

The first cracks about India not hosting a Formula1 Grand Prix began to appear last month and this was promptly denied by Jaypee Sports, the organizers of the Indian leg of the Formula1 race. At last week's Hungarian Grand Prix, a meeting was held, after which the Formula1 Supremo Mr. Bernie Ecclestone, stated the possibility of the F1 race not being held at the Buddh International Circuit next year. Now though, it is official. The Indian leg of the F1 championship stands cancelled for 2014.

Indian F1 Grand Prix: No racing in the foreseeable future-buddh-international-circuit-2.jpg

Talks are now on to conduct the Indian Grand Prix in 2015 and 2016. A March time frame is being planned for both these races, instead of October, the month in which the Grand Prix has happened for the past two years. Jaypee Sports, the promoter of the Buddh International Circuit, has a contract with Formula One Management (FOM) to host the Indian Grand Prix for a period of three years. While the first two editions have concluded, the third edition will be held on schedule in October.

Since the Indian Grand Prix has been cancelled in 2014, 2015 and 2016 are years in which the race could be held. However, a confirmation of this is yet to come through. There are three possible reasons for the cancellation of the Indian F1 GP from the 2014 racing calendar,

1: The F1 teams are unhappy with the taxation structure in India.

2: The F1 teams want no more than 20 races per season even as Mr. Ecclestone is trying to squeeze in 22 races per season.

3: Russia, Austria and New Jersey have emerged as the other alternate locations for hosting the F1 Grand Prix, with attractive sops on offer for the race to be held in these locations.

In light of these facts, Jaypee Sports will have to resolve these issues for the 2015 edition of the Indian Grand Prix to be held as per the new schedule in March. Meanwhile, here are comments from Mr Bernie Ecclestone, about the Indian GP's cancellation from the 2014 F1 calendar and the GP's possible comeback in 2015 and 2016.

Quote:
When we signed the five-year deal with Jaypee, we were keen on going to India in the first half and Jaypee wanted it to be in October. We gave in at that time, but now it looks we will have the race early 2015. It (hosting one race in October 2014 and another in early 2015) was too close. Therefore, after speaking to promoters, we think it is best not to have a race in 2014 and have one in 2015. We will have to club India with the four rounds in the Asia Pacific region. The second year is always difficult for the organisers. I hope bigger crowds turn up for the third edition. I really want it to continue, but it all depends on a lot of other factors. The sport is expanding its base every year.
Source NDTV

Last edited by JayPrashanth : 30th July 2013 at 21:11. Reason: News Link Added
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Old 31st July 2013, 01:52   #22
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Default re: Indian F1 Grand Prix: No racing in the foreseeable future

Just read on ACI website that the Indian GP will not take place in 2014 but will be back in 2015, mostly early in the year! Good news, I guess. Here's the link of the article: http://www.autocarindia.com/News/351...x-dropped.aspx
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Old 31st July 2013, 11:22   #23
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Thumbs up Re: Indian Grand Prix a no-show for 2014 F1 season?

Bernie confirms race wont be held in 2014 but will be back next year. JP Group has told it would be technically difficult to have a race in October 2013 and then in March 2014.Originally, all races in India were to take place in March,but races were held in October.

Australia,India,Malaysia and China races will be held from the start of the season from 2014.

JPSI group said October-November period suits us better both weather-wise as well as it being festive season time. They are also worried about the race clashing with Cricket WC 2015, matches would definitely affect the popular response for the GP.
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Old 31st July 2013, 11:28   #24
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Default re: Indian F1 Grand Prix: No racing in the foreseeable future

^^^^According to the report, If the Indian GP is moving to a March slot and Russia takes over the October slot, it would mean one race from the 2014 calendar will need to be dropped to make way for India in 2015 (if Bernie sticks to his 20-race calendar).


Which one?
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Old 31st July 2013, 11:33   #25
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Default re: Indian F1 Grand Prix: No racing in the foreseeable future

Axed, and the March 2015 slot allotted. In other words get the Asian GPs out of Bernie's hair asap.
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Old 31st July 2013, 13:17   #26
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Default re: Indian F1 Grand Prix: No racing in the foreseeable future

Jaypee was contracted for $40million a year, when the USD was at a 45/-
Its at 59 now, which means they are shelling out close to Rs. 600 crore more! Thats huge.
Not that it matters as much, because the track is just a marketing expense for the property leading upto and around the track in Greater Noida which belongs to Jaypee (100s of acres)

Hope they confirm the March 2015 slot.
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Old 31st July 2013, 13:37   #27
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Default re: Indian F1 Grand Prix: No racing in the foreseeable future

Jaypee pays $45 million as rights fee for each race and if I am correct then given the current condition of Jaypee in the stock market, I don't think it can afford to splurge in such a manner and not get any good returns in form of ticket sales.

Here is the link to the latest news as to what Bernie and JPSI have to say :
http://paper.hindustantimes.com/epaper/viewer.aspx

(Sports section , news on top of the page)

-Bhargav
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Old 31st July 2013, 13:51   #28
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Default re: Indian F1 Grand Prix: No racing in the foreseeable future

Looks like they always wanted to do it March-April before onset of monsoon. So October-13 and March-14 were not possible. Too close to organize.
However Bernie's flip-flops are legendary. First he said its political/Tax related and now this.
The circuit is pretty good and reception has been very positive. I am wondering what is Airtel going to do about it given the fact that they have paid 36Cr for 5 years contract.
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Old 31st July 2013, 15:42   #29
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Default Re: Indian Grand Prix a no-show for 2014 F1 season?

I'm sad to see this happen, although we were given enough heads up over last few weeks to see thing coming.

However, Bernie is known for arm-twisting to get an agreement on his terms. Remember how many times we heard of the same fate for Spa, Suzuka, Indianapolis and Nurburgring? While Spa managed to get on with it (still the best drivers' circuit on the calendar), the other three had to be dropped intermittently.

On the other hand, it's funny that he insists on keeping snore-fest processions on calendar like Hungary, Monaco and previously Valencia!

I sincerely hope Jaypee manages to cut a deal and return 2015 onwards with long term future secured. We could always use some turbocharged V6 sound around here
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Old 31st July 2013, 17:57   #30
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Default Re: Indian Grand Prix a no-show for 2014 F1 season?

2013 race ticket sales and prices going up in 3. 2. 1. Now...

Seriously if the pricesgo up by 50% i am not going to the 2013 race either.... sorry Bernie old chap.
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