Press Esc to close
Thursday 30 October 2014
News updated at 8:32 PM IST
Weather
Max: 0°C
Min : 0°C
In Bangalore
Sunny day

No Indian Grand Prix in 2015: Ecclestone

New Delhi, Aug 21, 2014, PTI

Tax issues still an hindrance to its re-entry in calendar, says F1 boss

 Formula 1 boss Bernie Ecclestone has asserted that the troubled Indian Grand Prix has run out of time for a 2015 return and its organisers must settle the contractual obligations for a possible comeback in 2016 / Screen Grab

 Formula 1 boss Bernie Ecclestone has asserted that the troubled Indian Grand Prix has run out of time for a 2015 return and its organisers must settle the contractual obligations for a possible comeback in 2016.

Ecclestone was hoping the race organisers, Jaypee Group, will sort out the issues with the five-year contract in time for a return next year but that has not happened yet, leaving the Buddh International Circuit (BIC) owners too little time to get the event back on track.

Usually, the FIA World Motor Sport Council ratifies the next season’s calendar in September and the final one in December.


“It is too late for 2015. We (Formula One Management and Jaypee) are looking at 2016 now and hopefully the tax issues in India will also be sorted out by then. The organisers also need to settle the existing contract before we get back.

I am expecting to see them next week,” Ecclestone told PTI from his London office.After the event was dropped for 2014, the 83-year-old had revealed that the race promoters had not complied with the contract, mainly the financial side of it. The tax and bureaucratic set-up in India has anyway made the teams and FOM uncomfortable, putting the high-profile event in further jeopardy.

As it is, accommodating India on the crowded calendar will not be easy. Mexico’s return next year after a 23-year absence makes it a 20-race event and Azerbaijan has also confirmed a deal to make its F1 debut in 2016. Russia makes its debut in October this year. 

Ecclestone, however, reiterated his wish for a successful Indian Grand Prix.“As I have said in the past, we and the teams want to go back to India, irrespective of how busy the calendar is. I hope the environment for our return gets better. Until then, my message to all the F1 fans is that keep watching the sport on television,” said the British magnate.

No Jaypee official was available for comment.

Go to Top

Photo Gallery
Devotees offer prayers during Chhath festival celebrations at Galta Kund in Jaipur...

Devotees offer prayers during Chhath festival celebrations at Galta Kund in Jaipur...

Dipika Pallikal in action against Japan's Misaki Kobayashi in finals of JSW-PSA...

Dipika Pallikal in action against Japan's Misaki Kobayashi in finals of JSW-PSA...

Delhi Dynamos FC (orange) and North East United FC (white) players in action during...

Delhi Dynamos FC (orange) and North East United FC (white) players in action during...

President Pranab Mukherjee during the conference of directors of National Institutes...

President Pranab Mukherjee during the conference of directors of National Institutes...

Army personnel take position during a search operation of Lashkar-e-Taiba hideouts...

Army personnel take position during a search operation of Lashkar-e-Taiba hideouts...

Workers build the stage at the Wankhede stadium for the swearing in ceremony...

Workers build the stage at the Wankhede stadium for the swearing in ceremony...

Sri Lankan team during practice session before the match against India A...

Sri Lankan team during practice session before the match against India A...

Bollywood actor Shah Rukh Khan with filmmaker Farah Khan, actors Boman Irani...

Bollywood actor Shah Rukh Khan with filmmaker Farah Khan, actors Boman Irani...

Vehicles ply at Rajpath as fog covers it in New Delhi...

Vehicles ply at Rajpath as fog covers it in New Delhi...

A camel herder stands beside resting camels at the annual cattle fair in Pushkar...

A camel herder stands beside resting camels at the annual cattle fair in Pushkar...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523