Indian Grand Prix to 'break even in four years'
India: 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 revealed the plans as other
grand prix organisers struggle, including South Korea which is trying to
renegotiate its Formula One contract just a year after its debut.
Jaypee spent $200 million building Buddh International Circuit and
another $200 million on their Formula One licence fee, spokesman Askari
Zaidi told AFP. He said the Formula One profits were confined largely to
ticket sales as revenues from sponsorship and broadcast rights were
controlled by the sport. AFP
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