The Formula One fraud - India

[roadrunner]

Once again how does it matter?

Every investment made by private companies is intended to make them richer! How is F1 any different? No one is doing social work or charity you know.

Or would you rather prefer your rich go and invest in some other country?

How much did it cost to build the track. How much profit did the event make?

 

[EastWest]

You're not serious i take it? It does create some jobs, but the money is being spent on making rich people richer and more comfortable, while most of the population is starving.

that is good ground for criticism.

---------- Post added at 07:34 AM ---------- Previous post was at 07:33 AM ----------



you've misread it. He's not claiming anything. He's stating they said it.

The gov is not spending even a single paisa..Infact the gov has refused tax cut to the Indian GP.
It is a pvt venture..Are u saying that pvt company does not have the right to spend its own money?
What a silly article that does not distinguish btwn a govt and pvt venture!!!

 

[SpArK]

I was expecting a poverty thread after the success of F1.

Burn babay burn burn all the a$$e$$.. burn it till there aint a$$ any more.

 

[Roybot]

How much did it cost to build the track. How much profit did the event make?

It cost 300 Million dollars, and as posted earlier ASSOCHAM has estimated that in ten years it will generate 1.5 Million jobs and 20 Billion USD worth of revenue.

 

[roadrunner]

firstly,it depends upon who is saying that,I mean the journalist,the manner of writing is upto him,cant really do anything about that.

Secondly,we do have a reason to be happy and celebrate,I personally always liked F1 and dreamt when will I be able to see its hosting in India.So,people like me in India will definitely celebrate.

Thirdly,F1 is indeed a high-tech elite sport.Do you think otherwise?

Fourthly,I cant really help if the noise and clatter created by hosting F1 in India is an-harmonic to your ears.Its your ears,your preoccupations,none of our business.We will celebrate anyways, irrespective of whether people like it or not.

I dont mind what India enters. To state that it has finally and incredibly entered the high tech sport of F1 is exagerrating a bit. The fastest road car it's made goes about 42 mph and probably would make it round 2 laps.

---------- Post added at 07:44 AM ---------- Previous post was at 07:42 AM ----------

It cost 300 Million dollars, and as posted earlier ASSOCHAM has estimated that in ten years it will generate 1.5 Million jobs and 20 Billion USD worth of revenue.

In 10 years it may not have a grand prix. In 10 years the track may need another 300million in maintenance.

I was asking how much profit it had generated this year, and how much the track cost to build.

 

[Drone(PREDATOR)]

Yes Praful Bidwa is burning who is "INDIAN CITIZEN"



I can understand the maturity level of your from your post. Thread related to India not Pakistan.

Praful bidwa is Indian citizen(The News International: Latest, Breaking, Pakistan, Sports & Video News

Hey everybody, report this ' stealth' to administrator because he is indian showing pakistan's identity

 

[EastWest]

How much did it cost to build the track. How much profit did the event make?

Do u understand how business works or just vomitting cr@p since u dont have anything to argue?

No investment of this size makes a profit in the first event itself. It takes years to get the money back and then profit.
U can take any hotel or GP with more than 200 million $ investment and see their revenues.

 

[Roybot]

In 10 years it may not have a grand prix. In 10 years the track may need another 300million in maintenance.

I was asking how much profit it had generated this year, and how much the track cost to build.

Once again the 300 Million is all private investment, Indian government didn't put any money into the event.

And its too early to have any figures for this years event.


Forbes||Will F1 Be Jaypee Group’s Magic Formula?

 

[roadrunner]

The gov is not spending even a single paisa..Infact the gov has refused tax cut to the Indian GP.
It is a pvt venture..Are u saying that pvt company does not have the right to spend its own money?
What a silly article that does not distinguish btwn a govt and pvt venture!!!

So this private venture spent hald a billion on building a track that may not be used in 5 years time instead of feeding his own starving citizens.

Can you not see why people are critical of this?

---------- Post added at 07:47 AM ---------- Previous post was at 07:46 AM ----------

Do u understand how business works or just vomitting cr@p since u dont have anything to argue?

No investment of this size makes a profit in the first event itself. It takes years to get the money back and then profit.
U can take any hotel or GP with more than 200 million $ investment and see their revenues.

So what if there is no indian grand prix in 5 years or 10 years?

What if there is none next year even?

 

[praful]

@roadrunner...as u have shallow understanding of how the people do business.. I tell you there is a thing called "Breakeven"

Formula 1 will achieve breakeven after 4 years.. it means they will start making profit after 4 years.

TV rights sold to Setmax during IPL has achieved breakeven after 3 years only.

 

[guest11]

^^^^ BIC, built by a private company Jaypee Group is a waste of time and money. Instead the chairman of the group should donate the money to poor and retire himself to Haridwar. LOL

Next on the list Mukesh Ambani, that SOB is building $2 billion home. He too should join the above mentioned chairman.

 

[nForce]

I dont mind what India enters. To state that it has finally and incredibly entered the high tech sport of F1 is exagerrating a bit. The fastest road car it's made goes about 42 mph and probably would make it round 2 laps.

---------- Post added at 07:44 AM ---------- Previous post was at 07:42 AM ----------



In 10 years it may not have a grand prix. In 10 years the track may need another 300million in maintenance.

I was asking how much profit it had generated this year, and how much the track cost to build.

did not get the bolded part...come again?

If you want to go into the economics and want us to explain why F1 will be or will not be profitable,then you will need to draw a better picture than that.Till now,all it seems like you are acting like you are simply envious.

 

[EastWest]

So this private venture spent hald a billion on building a track that may not be used in 5 years time instead of feeding his own starving citizens.

So what if there is no indian grand prix in 5 years or 10 years?

What if there is none next year even?

So is it pvt ventures job to feed poor of the country? Does Pakistanis pvt companies do the same or even Chinese companies?

Budh international will not only host F1 but also MotoGP and other motorsport races.Already there are discussions on domestic moto sport race leagues...

Infact the govt will/is making money by taxing these sports and if the gov is failing to use that money to feed ppl, it is not the pvt companies or individuals fault.

 

[guest11]

Yo roadrunner, this is the fastest Indian car.

http://www.youtube.com/watch?v=NmPD65QBLtI

You better start running.

 

[Roybot]

So this private venture spent hald a billion on building a track that may not be used in 5 years time instead of feeding his own starving citizens.

Can you not see why people are critical of this

Why don't you let the business analysts at Jaypee worry about that? Its their money, their investment.

And Pakistani businessmen and companies feed their starving citizens? Communism is dead, wake up!

I dont mind what India enters. To state that it has finally and incredibly entered the high tech sport of F1 is exagerrating a bit. The fastest road car it's made goes about 42 mph and probably would make it round 2 laps.

Now you are just trolling Think Tank