INSANE sponsorship amount quoted for Narain's F1 drive..

Hatari · 9th February 2005, 16:23

Quote:

Karthikeyan's three main sponsors - the Tata Group, India's second largest business conglomerate, state-run refiner Bharat Petroleum Corp and JK Tyres - reportedly coughed up close to 30 million dollars to get Jordan to hire him.

THIS IS UTTER RUBBISH !
for that amount, they wud give a taxi driver an F1 drive !

its nothing but bad journalism, irresponsible too i might add
here's the full article..
http://f1.racing-live.com/en/headlin...09082309.shtml

Tom · 9th February 2005, 16:32

30 million USD = 130crores?
whats the real amount?

Rtech · 9th February 2005, 16:42

Quote:

whats the real amount?

i believe I overheard something in the region of 20 crores.

Tom · 9th February 2005, 16:46

hey culd it have been 30million rupees=3crores??

gkrishn · 9th February 2005, 16:48

I think its 30 crores rs...

Indian Express...

Quote:

Narain will pay Jordan between Rs 20 to 30 crore to race in 2005

http://www.indianexpress.com/full_st...ntent_id=64118

vinsanity · 9th February 2005, 16:59

Ouch, Rs 30 cr..... Oh mai god!!!!!!

GTO · 9th February 2005, 17:40

Absolute hogwash. 30 Million would work out to more than 20% of the Jordan teams annual expenses.

I did read somewhere that this drive cost Narain in the range of 5 million dollars (or Rupees 20 odd crores).

GTO

X-Machine · 9th February 2005, 18:44

Cant be $30m.Totally outta question.
30m Rs is a much believable amount.Though on Ndtv they said he coughed up 5cr Rs.
Dunno wots the true figure.

X

Hatari · 9th February 2005, 20:36

A more realistic figure wud be 10-12 crores..
Jordan annual F1 budget is around $80 million..

now i wonder if the article meant $3 million

ported_head · 9th February 2005, 21:17

We will probably have to wait a little longer till somebody confirms the actual amount, till then we could probably only speculate. I was just wondering, what if the only way Narain could secure a drive was a huge lump of money? Before I am pounced upon by the fans, there were others who did much better in the Nissan Superfund Series, namely Franck Montagny, who decided to stay away from F1. I'm also aware of the fact that money does buy you an F1 seat, but an under performer would probably have to shell out more. Though 30 million dollars does sound like an aweful lot.

Deeps · 10th February 2005, 00:04

haha, JK Tyre having $30M to spare? In that much money we could get half the grid to be of indian origin...lol.

Shan2nu · 10th February 2005, 00:43

Narain will pay Jordan between Rs 20 to 30 crore to race in 2005. This is the kind of money that finances one-tenth of India’s sports budget including year-long training, foreign trips for the entire sporting contingent and infrastructure maintenance around the country. But this isn’t a capitation fee racket but a normal pay-and-drive policy common in F1 where more than half of the 22 drivers first show the greenbucks and then get on the starting grid.

Shan2nu

vinsanity · 10th February 2005, 10:19

Woah,
20-0Cr..... Man, and there is fear that he wont last more than a season, that'l be really bad... Hope he comes out good... With so much money and prayers f millions hre, he'l do good(he better!!).....

ajmat · 10th February 2005, 11:13

This sounds a bitworse than a government job - where you get to pay to get a posting

rahulmd · 10th February 2005, 11:47

But if you look at the commerical angle, There HAS to be an indian in F1. With India Inc.'s proportion in the world Inc. increasing, F1 just cannot afford to lose out missing out on the india story. (im sure a similar reasoning went behind the introduction of the Shanghai GP).

It is not too way off before we have a Mumbai/ Hyderabad GP. What better way to get more indians hooked into F1 than have an Indian on the Grid. All of a suddent the TV Ratings of F1 in India shoot up. More sponsors, more ad revenue, higher TV rights.....

I would not be surprised if Mr. Bernie Eccelstone himself pulled a few strings to get our Narain on the grid....

I always have a conspiracy theory angle to everything ;-)

9th February 2005, 16:32	#2
Tom BHPian Join Date: May 2004 Location: Bangalore, India. Posts: 401 Thanked: 0 Times	30 million USD = 130crores? whats the real amount?
	() Thanks

9th February 2005, 16:46	#4
Tom BHPian Join Date: May 2004 Location: Bangalore, India. Posts: 401 Thanked: 0 Times	hey culd it have been 30million rupees=3crores?? Last edited by Tom : 9th February 2005 at 16:47.
	() Thanks

9th February 2005, 16:59	#6
vinsanity BHPian Join Date: Nov 2004 Location: Patna Posts: 609 Thanked: 2 Times	Ouch, Rs 30 cr..... Oh mai god!!!!!!
	() Thanks

9th February 2005, 17:40	#7
GTO Team-BHP Support Join Date: Feb 2004 Location: Bombay Posts: 71,517 Thanked: 309,557 Times View My Garage	Absolute hogwash. 30 Million would work out to more than 20% of the Jordan teams annual expenses. I did read somewhere that this drive cost Narain in the range of 5 million dollars (or Rupees 20 odd crores). GTO
	() Thanks

9th February 2005, 18:44	#8
X-Machine Senior - BHPian Join Date: Jul 2004 Location: Mumbai/Tokyo Posts: 1,475 Thanked: 29 Times	Cant be $30m.Totally outta question. 30m Rs is a much believable amount.Though on Ndtv they said he coughed up 5cr Rs. Dunno wots the true figure. X
	() Thanks

9th February 2005, 20:36	#9
Hatari Senior - BHPian Join Date: Feb 2004 Location: Calcutta Posts: 1,880 Thanked: 881 Times	A more realistic figure wud be 10-12 crores.. Jordan annual F1 budget is around $80 million.. now i wonder if the article meant $3 million
	() Thanks

9th February 2005, 21:17	#10
ported_head Senior - BHPian Join Date: Mar 2004 Location: Mumbai, India Posts: 2,387 Thanked: 20 Times	We will probably have to wait a little longer till somebody confirms the actual amount, till then we could probably only speculate. I was just wondering, what if the only way Narain could secure a drive was a huge lump of money? Before I am pounced upon by the fans, there were others who did much better in the Nissan Superfund Series, namely Franck Montagny, who decided to stay away from F1. I'm also aware of the fact that money does buy you an F1 seat, but an under performer would probably have to shell out more. Though 30 million dollars does sound like an aweful lot.
	() Thanks

10th February 2005, 00:04	#11
Deeps Senior - BHPian Join Date: May 2004 Location: Delhi/Noida Posts: 1,119 Thanked: 170 Times	haha, JK Tyre having $30M to spare? In that much money we could get half the grid to be of indian origin...lol.
	() Thanks

10th February 2005, 00:43	#12
Shan2nu Senior - BHPian Join Date: Feb 2004 Location: Hubli - Karnata Posts: 5,533 Thanked: 125 Times View My Garage	Narain will pay Jordan between Rs 20 to 30 crore to race in 2005. This is the kind of money that finances one-tenth of India’s sports budget including year-long training, foreign trips for the entire sporting contingent and infrastructure maintenance around the country. But this isn’t a capitation fee racket but a normal pay-and-drive policy common in F1 where more than half of the 22 drivers first show the greenbucks and then get on the starting grid. Shan2nu
	() Thanks

10th February 2005, 10:19	#13
vinsanity BHPian Join Date: Nov 2004 Location: Patna Posts: 609 Thanked: 2 Times	Woah, 20-0Cr..... Man, and there is fear that he wont last more than a season, that'l be really bad... Hope he comes out good... With so much money and prayers f millions hre, he'l do good(he better!!).....
	() Thanks

10th February 2005, 11:13	#14
ajmat Team-BHP Support Join Date: Feb 2004 Location: Bangalore Posts: 15,059 Thanked: 29,709 Times View My Garage	This sounds a bitworse than a government job - where you get to pay to get a posting
	() Thanks

10th February 2005, 11:47	#15
rahulmd BHPian Join Date: Oct 2004 Location: Bangalore, India Posts: 137 Thanked: 6 Times	But if you look at the commerical angle, There HAS to be an indian in F1. With India Inc.'s proportion in the world Inc. increasing, F1 just cannot afford to lose out missing out on the india story. (im sure a similar reasoning went behind the introduction of the Shanghai GP). It is not too way off before we have a Mumbai/ Hyderabad GP. What better way to get more indians hooked into F1 than have an Indian on the Grid. All of a suddent the TV Ratings of F1 in India shoot up. More sponsors, more ad revenue, higher TV rights..... I would not be surprised if Mr. Bernie Eccelstone himself pulled a few strings to get our Narain on the grid.... I always have a conspiracy theory angle to everything ;-)
	() Thanks