Menu
Events and Attractions

India Makes Debut On F1 Grand Prix Calendar This Week With Race Outside Delhi

F1 will stop in India "for the first time this week" as the Buddh Int'l Circuit makes its grand prix debut, according to Sarah Holt of the BBC. There is a "real sense of anticipation within the sport that the race outside the capital city of Delhi will add some spice to the season now [that] both championships have been settled -- as well as introducing a new global powerbroker into F1." F1 Management Chair Bernie Ecclestone "waited until the mid-Nineties before pursuing plans to add India to the calendar." An agreement to "stage the race in Greater Noida, a new city outside Delhi, was finally reached four years ago." The Indian government is "not committing any funds to the grand prix." A "private venture funded by construction specialists the Jaypee Group" has spent US$328M on the new track alone. The Buddh Int'l Circuit has been devised as the "centre piece of an ambitious 'Sports City', which will include hockey and tennis stadiums." Holt noted the "Indian potential audience is huge, with a population of 1.18 billion." However, a large population and a growing economy "does not necessarily make for a receptive audience -- as has been proved by the lacklustre response to the Chinese Grand Prix." TV audiences for the first grand prix event in India are "expected to rise above 30 [million], with an estimated 200,000 expected to watch from the grandstands over three days." Holt noted the "novelty of the first race is bound to lure in a new audience but sustaining both interest and growth in F1 when the circus leaves town is a different challenge" (BBC.co.uk, 10/24).

DRIVING GLOBALIZATION: REUTERS' Alistair Scrutton noted the race has "reignited India's perennial questioning of how far the country should go down the globalisation road." The event is "also just the latest example of international sports bodies ensuring they get a foot in this booming Asian marketplace with a huge advertising base of millions." India has "already attracted the attention of top European football clubs." But the "extravagance of the event and questions about land seizures to make way for the circuit have sparked criticism." The cheapest tickets are "about 2,500 rupees (about $50) -- about half the monthly wage of a cleaner," while the most expensive corporate boxes "go for about $200,000 -- and nearly all have been sold" (REUTERS, 10/25).

SBJ Morning Buzzcast: May 8, 2024

Start your morning with Buzzcast with Austin Karp: The NFL sets a date for its 2024 schedule release, while also dropping hints that it could soon approve private equity investment in teams; WNBA teams finally land charter flights; the F1 Miami Grand Prix delivers a record on TV; and Elevate lands in Happy Valley.

Phoenix Mercury/NBC’s Cindy Brunson, NBA Media Deal, Network Upfronts

On this week’s pod, SBJ’s Austin Karp chats with SBJ NBA writer Tom Friend about the pending NBA media Deal. Cindy Brunson of NBC and Phoenix Mercury is our Big Get this week. The sports broadcasting pioneer talks the upcoming WNBA season. Later in the show, SBJ media writer Mollie Cahillane gets us set for the upcoming network upfronts.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/2011/10/26/Events-and-Attractions/F1-India.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/2011/10/26/Events-and-Attractions/F1-India.aspx

CLOSE