New Delhi, Sep 2: Brushing aside governments stand that Formula One is not a sport, F1 supremo Bernie Ecclestone today said the foundation stone of the race track in India would be laid in October for the showpiece event in 2011. Ecclestone said it's been long time that they have signed the contract with the promoters in India and there was no question of the event being shelved despite the Indian governments refusal to give concessions. Asked specifically whether the F1 race in India would go on, Ecclestone told from London, “It’s been on for a long time. There’s never been any doubt. The contract has been signed long time back.” Ecclestone, the President and CEO of Formula One Management, said that the foundation stone for the project in Greater Noida would be laid at the end of October.
“We are waiting for the circuit to be constructed.” he said.
No financial crisis, no shortage of sponsors in F1
The most expensive sporting event Formula One did have a brush with the recession in the West but sponsors are coming back and there is no financial crisis, F1 supremo Bernie Ecclestone said today. “I don’t know about India but most of the world is in recession. Sponsorship was obviously a problem as a lot of big names were reconsidering but it is better now and sponsors are coming back,” he said. “There is no financial crisis now and there is no shortage of sponsors in Formula One,” Ecclestone told.
At the same time, he expressed eagerness to explore more corporate entities in India, the second fastest growing economy in the world, saying the more the better. He was responding to a query on whether F1 would be looking beyond Vijay Mallya for sponsoring teams. (PTI)
“We are waiting for the circuit to be constructed.” he said.
No financial crisis, no shortage of sponsors in F1
The most expensive sporting event Formula One did have a brush with the recession in the West but sponsors are coming back and there is no financial crisis, F1 supremo Bernie Ecclestone said today. “I don’t know about India but most of the world is in recession. Sponsorship was obviously a problem as a lot of big names were reconsidering but it is better now and sponsors are coming back,” he said. “There is no financial crisis now and there is no shortage of sponsors in Formula One,” Ecclestone told.
At the same time, he expressed eagerness to explore more corporate entities in India, the second fastest growing economy in the world, saying the more the better. He was responding to a query on whether F1 would be looking beyond Vijay Mallya for sponsoring teams. (PTI)
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