Season 2009 - India look set to host a Formula One race for the first time in New Delhi in 2009, after recieving a conditional offer from Formula One supremo Bernie Ecclestone.
Suresh Kalmadi, president of the Indian Olympic Association, confirmed that a deal to stage a race had been successfully agreed with Bernie Ecclestone, although a contract was still not signed.
Kalmadi said: "We have received a letter in this regard from Bernie Ecclestone, CEO of Formula One.
"The IOA will be the promoter, the first event of which will be held in 2009."
"We are planning to hold the race around New Delhi and we are looking to identify suitable land for a track, and once we move ahead a full contract will be signed.
India will have to satisfy a number of conditions stipulated by Ecclestone's Formula One Administration (FOA) including various commercial and additional fundung deals in order for the race to become a reality.
Narain Karthikeyan became India's first Formula One driver in 2005 with Jordan, and the country attempted to cash in by staging a race in Hyderabad. Those plans came to nothing though.
bernie's bank account swells even further! :hehe:
Suresh Kalmadi, president of the Indian Olympic Association, confirmed that a deal to stage a race had been successfully agreed with Bernie Ecclestone, although a contract was still not signed.
Kalmadi said: "We have received a letter in this regard from Bernie Ecclestone, CEO of Formula One.
"The IOA will be the promoter, the first event of which will be held in 2009."
"We are planning to hold the race around New Delhi and we are looking to identify suitable land for a track, and once we move ahead a full contract will be signed.
India will have to satisfy a number of conditions stipulated by Ecclestone's Formula One Administration (FOA) including various commercial and additional fundung deals in order for the race to become a reality.
Narain Karthikeyan became India's first Formula One driver in 2005 with Jordan, and the country attempted to cash in by staging a race in Hyderabad. Those plans came to nothing though.
bernie's bank account swells even further! :hehe: