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Tuesday, September 18, 2007

Formula One cars will zoom in India in 2010 - Mallaya

Formula One is all set to come to India in 2010.

The announcement from Suresh Kalmadi, chief of Indian Olympic Association, about the near certainity of hosting Formula One Grand Prix in the outskirts of New Delhi in 2010 came close on the heals of Vijay Mallaya's offer to purchsae the F1 team of Spyker NV for $109 million.

Chief Architect of Formula One tracks, Hermann Tilke, was in India earlier this month to inspect sites for the proposed race.

Kalmadi said that Bernie Ecclestone, chief of International Automobile Federation (FIA), had handed over 2 draft contract when they met in London.

The draft contracts signed between Kalmadi and Bernie were for race promotion of the Grand Prix of India in F1 World Championship and the circuit rights agreement.

FIA organized a series of Formula One races in several countries all round the year. The world championships are decided on the basis of the points gathered by the different teams and their drivers in these races.

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