64 replies to this topic

[Winter98]

The government of Uttar Pradesh (the state in which the Buddh International Circuit is located) has obtained permission from the Indian Supreme Court to withdraw its 2011 decision to grant Entertainment Tax exemption to the Indian Grand Prix organisers, Jaypee Sports International.

 

The withdrawal of the exemption is expected to cost Jaypee Sports International about $5 million

 

http://timesofindia....ow/24502813.cms

 

The current year's race will presumably go ahead as planned but given the questions previously raised about the future of the Indian GP, this casts further doubt whether it will return to the calendar after next year's sabbatical.

 

Always bound to happen. The previous government was Mayawati's. Now it is Akilesh Yadav's. It is very easy for the Supreme Court to give exemption when it involves public money. F1 can succeed in India without the F1 organizers getting too greedy about the public money. FOM and Jaypee both have to correct their misconceptions on how to do F1 business in India.

 

I must say I like this news.

If the government has changed, the newly elected officials probably want to ensure they get their piece of the pie.

[SpaMaster]

Understood regarding the team tax issue but the example of tax waivers for events is exactly what I'm talking about using Las Vegas and Orlando as examples.  The government incentivises event promoters with tax breaks and makes up the revenue in an increased tax base from hotel room retail, sales tax, etc.

 

It's not FOM or the FIAs responibility to promote the race. That falls on the promoter.  Much like with a music concert the race is sold to a promoter that stages the event and pays a sanction fee.  For example if there were a Rolling Stones concert that wasn't well publicized it isn't the fault of the band but the promoter.  It's the same here. It's Jaypee that is responsible for promoting the race.  In the US FOM doesn't promote the race, CotA does.  I'd say if anything this shows that the Indian market may not be ready for F1 races in country right now given the high sanctioning fee.

So FOM sells the race to the promoter, and that's it? FOM has no interest in how its beloved sport is handled in a country? No interest in the long term sustainability of the race? The soul is sold, is it? If a product a company is producing fails miserably at the market, the mistake is only the distributor's not the supplier's? Everyone one has to share responsibility. If the local promoter is not doing well, the party that gave that responsibility to the promoter must also share responsibility. Sorry, I am not will to give a pass to FOM when it comes to marketing F1 in a country. FOM's credentials themselves are abysmal when it comes to marketing what comes directly under their territory.

[SpaMaster]

Can't believe I'm actually saying this about F1 but I am..

 

I would be quite happy if it was cancelled to be honest, the last few races (even the ones on classic tracks) have been quite boring indeed and I'd rather stay in bed sunday morning than lose sleep to another dull race.  ...race?  hmm I mean procession.

 

I think cancelling the race would hand both titles to RBR?   That would be rather apt tbh..  an empty and shallow end to both titles.

 

I won't hold my breath though, I really don't think theres any chance of a cancellation

I would love for what you say to be true.   Unfortunately how boring a race is has nothing do with it being cancelled or retained. The mother of all processions happens at the Principality and that is the most secure race in F1 calendar. Got it?

[prpr]

I can see Bernie and Co getting ideas after this. Time to declare FOMs Headquarters an independent nation (Ecclestonia?). It can then request F1 Grand Prix hosting countries to cede autonomy to it for the week either side of the race. FOM sets the tax rates for the fortnight. 0% for foreigners, 200% of income for locals.

[jonpollak]

This all stems back to when Jp's wife came to New York the other week and spent every cent they had at Barneys...

 

Oh, ..your not talking about me are you?

 

Jp

[MikeV1987]

What an absolute waste being there in the first place.

[Nitropower]

Will it make any difference if the race is cancelled? A circuit where overtaking is almost impossible in an already decided championship. I'm so worried!

[HuddersfieldTerrier1986]

The hearing over this weekends (hoped for by those who brought the petition) cancellation takes place.............next week

[droiddamudi]

Always bond to happen if you ask me.

 

Some people in India has outrageous view with regards to F1. I remember during 2011 pre race debate on DD(national TV) about F1. Basically one side was asking what F1 does to the common people(Aam Junta, the word they were using). I was like wth is your problem, because the race is organise by JP group and not state funded first, then those people actually forget that hosting F1 race open door to local jobs and opportunity. As an engineer myself i was very happy because it open door for some of us to work with F1 top class engineering pool, i'm not talking about within year may be in few years..

 

 

But the way i see it, some people are not happy because they are not getting any money from the event and only JP group take it if its successful. Which is why they want to impose "entertainment tax". I see F1 as better event than any ODI cricket because i know its not for Aam jantha(common people) atleast its not like cricket which earn so much money from common people and people don't care about it.

 

Also, i agree with @SpaMaster its failure from both JP group and FOM for not promoting it properly. FOM should really consider proper promotion because clearly JP group is not doing it properly. India is big market, trust me the money spend on cricket is outrageous. Many outsider may consider India poor and whats not, its just one side of India, just like any other country it.

 

PS: i used to love cricket but now hate it because i believe its FIXED!, i'm not just talking about IPL, even ODI is match fix. 

[Kristian]

http://www.dnaindia....n-2015-2012578?

 

"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.

 

I for one am not unhappy. I can't actually think of one thing that happened in either race there apart from Vettel's doughnuts and a lot of smog. 

[noikeee]

I didn't even remember we had an Indian GP or that it wasn't going to be held this year. That's how anonymous those races and that track were.

[Disgrace]

I for one am not unhappy. I can't actually think of one thing that happened in either race there apart from Vettel's doughnuts and a lot of smog. 

 

Three races actually (which proves your point), but you are preaching to the choir. The circuit and the races it produced were diabolical. Elevation changes down the latest of Tilke's longest straights impressed nobody.

[Kristian]

Three races actually (which proves your point), but you are preaching to the choir. The circuit and the races it produced were diabolical. Elevation changes down the latest of Tilke's longest straights impressed nobody.

 

Haha true, I genuinely forgot there had been 3 (I was travelling for the first two, to be fair, but still...).

[givemeabettercar]

Hope they don't come back, good riddance

[BRG]

What happened to all those enthusiastic Indian members who argued so forcefully in favour of the race back when it was first mooted?  They soon lost interest....