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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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