Formula One: Indian GP to break even in four years
The private Jaypee infrastructure group spent $400 million building the circuit and Formula One license fee.
NEW DELHI:
Indian Grand Prix organisers said they hoped to break even within four years and were talking to MotoGP and other race series in a bid to make up for their limited profits from Formula One. The private Jaypee infrastructure group spent $200 million building Buddh International Circuit and another $200 million on their Formula One license fee, according to spokesman Askari Zaidi. “In Formula One there’s not much scope to make money barring the sale of tickets but there are other races which we’re planning to hold, like MotoGP, and some other race organisations have contacted us,” said Zaidi. “So whatever we spent we hope to recover in four years.”
Published in The Express Tribune, November 2nd, 2011.
Indian Grand Prix organisers said they hoped to break even within four years and were talking to MotoGP and other race series in a bid to make up for their limited profits from Formula One. The private Jaypee infrastructure group spent $200 million building Buddh International Circuit and another $200 million on their Formula One license fee, according to spokesman Askari Zaidi. “In Formula One there’s not much scope to make money barring the sale of tickets but there are other races which we’re planning to hold, like MotoGP, and some other race organisations have contacted us,” said Zaidi. “So whatever we spent we hope to recover in four years.”
Published in The Express Tribune, November 2nd, 2011.