F1 » India unveils $400m gamble


The wraps have come off the new Buddh International Circuit, which will host the inaugural Indian Grand Prix at the end of October.

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elijah

October 18, 2011 3:12 PM
Last Edited 999 days ago

This Hermann Tilke designed Indian circuit should be a hit with drivers and fans alike. However past landowners, farmers of India have a raw deal. “It is estimated that more than a quarter of a million Indian farmers have committed suicide in the last 16 years the largest wave of recorded suicides in human history. " So everyone, if we see protests by farmers during the race weekend be sympathetic.

EDIT by CRASH.NET! Agenda post removed.

kf1 - Unregistered

October 18, 2011 3:22 PM

No these farmers were compensated for their lands and they bought cars and built houses with it ... their problem is that they are now saying the compensation was too low.

pizzaboy

October 18, 2011 4:55 PM

Actually, they were compensated, and now some political force has got behind them, trying to keep taps on the venture. Yet I'm pretty sure Jaypee must've been forced to pay into some rather undeserving hands...

This is how the country is...but I'd rather change it the way I can instead of pointing fingers.

I remain optimistic @ the event, though I know some things are indeed patchy even now.

Taz - Unregistered

October 18, 2011 5:18 PM

I see Korea is already trying to renegotiate their extortionate race fee's and unless India is careful they'll be in that situation too. Turkey dropped, half empty stands in China, unless you can make the tickets affordable and promote it properly it's going to keep happening.

Bernie is just trying to line his pockets before he retires, flogging of F1 to news corp was evidence enough.

has no one explained to him there a world recession? :rolleyes:

Qrace - Unregistered

October 18, 2011 5:44 PM

@Taz .. F1 has hit the jackpot in India. I mean its generally been successful in places where theres been a lot of commercial opportunity, that is certainly the case in India with the huge economy, with a growth rate of 8% and the population as well for the sponsors in f1.

But apart from that, India is a sporting nation. Theres a HUGE amount of enthusiasm for F1 in India and thats evident in the road shows, the events in all the malls in all the major cities etc... India has 25 million f1 viewership, as opposed to China having 2 million people watching with 200 million more people and more people having access to TV there.

India's media is extremely dynamic, which is not the case in China or the mid east and they are completely behind motor racing in India.

The popularity for racing is still nowhere near cricket, but it is rising rapidly and as long as India is economically strong (which its going to be for atleast the next 25 - 30 years), racing has bright future there.

Caroline - Unregistered

October 18, 2011 7:38 PM

@Taz

Bernie doesn't get any of the race hosting fees, that's split between CVC and the teams, and it's the top teams that want ever increasing amounts of money.

Bernie's vast wealth came from selling the commercial rights to EMTV (and the rest etc), he got paid 15,000,000 US dollars last year.

And as for spectators at Korea, they had 158,000 over 3 days, that's about 65,000 more than at Spa over the 3 days.

pizzaboy

October 19, 2011 3:59 AM

@elijah
Sure thing ...but firstly agreeing on deal and then suddenly forming uprising... doesn't it seem a lil spooky.
and I know that the politics behind it don't care a gram for what happens to farmers. They will be just used and thrown like paper napkins.

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