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India gears up for i1 Super Series
By Rupesh Subhash Janve Aug 05 2011 Mumbai
A consortium led by batting maestro Sachin Tendulkar and Yuvraj Singh will be part of the Indian version of new car racing championship called the i1 Super Series launched by Bangalore-based Machdar Motorsports in Mumbai on Friday.
The first season of the series will begin on December 18 this year. The company has sought approval from Fédération Internationale de l'Automobile (FIA) for the schedule as well as approval from the track owners in Greater Noida, Chennai and overseas.
"Cricket and Bollywood stars and a few top industrialists have already shown a keen interest to own the nine Indian city-based franchise teams. Cricketers Tendulkar and Yuvraj Singh have been approached," Darshan M, chief executive officer, i1 Super Series told reporters in Mumbai.
"The cricketers are expected to own the franchise team through a consortium, Vinod Menon, chief financial officer, Machdar Motorsports, said.
i1 Super Series will have nine teams from nine different metropolitan cities including Mumbai, Delhi, Bangalore, Chennai and Hyderabad, among others. The nine franchisees will be sold at a base price of $5 million and it is available only by invitation and not auction, Anjana Reddy, director, Machdar Motorsports, said. The closely-held company is expected to announce the franchise owners along with the broadcast partners soon.
Each team will have two drivers, one of which will be an international driver and the other shall be an Indian driver with national and international experience. The payment to the drivers will be finalised by Machdar Motorsports soon.
We are in talks with former as well as current formula one drivers to be part of this competition, Andrea Gamberini of Movie and Sport Management told Financial Chronicle.
The series will take place across seven cities including New Delhi, Abu Dhabi, Doha, Dubai, Kuala Lumpur, Pataya and Chennai.
The cars for the competition are being sourced from London-based sports car manufacturing company - Radical Sportscars. Lex Akehurst, managing director, x-sport motorsports management, said, The car will have 1.5 litre 1500 cc engine which can reach top speed of 60 kilometer per hour in three seconds. The price of the car is 35,000 pounds (around Rs 25.58 lakh), which the franchise owner will have to pay. A franchise owner is expected to have three such cars two for the race and one as reserve.
The winner of the competition at the end of the 14 races (first season of i1 Super Car Championship) will get price money of $2 million.
India gears up for i1 Super Series | mydigitalfc.com
Radical SR3
By Rupesh Subhash Janve Aug 05 2011 Mumbai
A consortium led by batting maestro Sachin Tendulkar and Yuvraj Singh will be part of the Indian version of new car racing championship called the i1 Super Series launched by Bangalore-based Machdar Motorsports in Mumbai on Friday.
The first season of the series will begin on December 18 this year. The company has sought approval from Fédération Internationale de l'Automobile (FIA) for the schedule as well as approval from the track owners in Greater Noida, Chennai and overseas.
"Cricket and Bollywood stars and a few top industrialists have already shown a keen interest to own the nine Indian city-based franchise teams. Cricketers Tendulkar and Yuvraj Singh have been approached," Darshan M, chief executive officer, i1 Super Series told reporters in Mumbai.
"The cricketers are expected to own the franchise team through a consortium, Vinod Menon, chief financial officer, Machdar Motorsports, said.
i1 Super Series will have nine teams from nine different metropolitan cities including Mumbai, Delhi, Bangalore, Chennai and Hyderabad, among others. The nine franchisees will be sold at a base price of $5 million and it is available only by invitation and not auction, Anjana Reddy, director, Machdar Motorsports, said. The closely-held company is expected to announce the franchise owners along with the broadcast partners soon.
Each team will have two drivers, one of which will be an international driver and the other shall be an Indian driver with national and international experience. The payment to the drivers will be finalised by Machdar Motorsports soon.
We are in talks with former as well as current formula one drivers to be part of this competition, Andrea Gamberini of Movie and Sport Management told Financial Chronicle.
The series will take place across seven cities including New Delhi, Abu Dhabi, Doha, Dubai, Kuala Lumpur, Pataya and Chennai.
The cars for the competition are being sourced from London-based sports car manufacturing company - Radical Sportscars. Lex Akehurst, managing director, x-sport motorsports management, said, The car will have 1.5 litre 1500 cc engine which can reach top speed of 60 kilometer per hour in three seconds. The price of the car is 35,000 pounds (around Rs 25.58 lakh), which the franchise owner will have to pay. A franchise owner is expected to have three such cars two for the race and one as reserve.
The winner of the competition at the end of the 14 races (first season of i1 Super Car Championship) will get price money of $2 million.
India gears up for i1 Super Series | mydigitalfc.com
Radical SR3
