Sachin=GOD Posted November 1, 2011 Posted November 1, 2011 MUMBAI: Bollywood star Shah Rukh Khan, Telugu hero Akkineni Nagarjuna and Dabur family scion Mohit Burman are among the celebrities and business honchos who will own a racing team in a motor sports league backed by Sachin Tendulkar, said sources directly briefed on the matter. The Indian Racing League - called the i1 Super Series - which was launched in August this year, is looking to ride on the huge success of the Formula One Indian Grand Prix. The first edition will hit the tracks on January 8 and conclude on February 26 next year. The racing league, owned by Machdar Motor Sports Company, will have eight city-based teams with two cars forming a 16-member grid. Sachin and Sanjana Reddy together have bought a 26% share in the league. The cost of a franchise-for a contractual term of 15 years-will be around $20m with investors having to pay $5m upfront and the remaining in $1 million tranches during the ownership period. The races will feature F1 and upcoming Indian drivers and will be held in Delhi, Abu Dhabi, Kuala Lumpur, Doha and Bahrain. Shah Rukh, along with business partners Juhi Chawla and Jai Mehta, will own the Mumbai franchise, while Dabur's Mohit Burman is on the verge of buying the Delhi franchise. Malaysian business tycoon and Air Asia boss Tony Fernandes along with UK-based hedge fund manager S G Srinivas is set for the Chennai team. Telugu superstar Nagarjuna and entrepreneur N Prasad, who sold Matrix Laboratories to Mylan, has sealed the franchise deal for Hyderabad. Former Indian cricket captain Sourav Ganguly is discussing the possibility of leading a consortium to bag the Kolkata team. Cricketer Yuvraj Singh along with a local business partner is behind the Chandigarh franchise. The ownership details of the Bangalore and Pune franchises have not been finalized. An investor and a member of a leading Bollywood family, besides a large consumer durables group, are in contention for the Pune team. Machdar has finalized the racing calendar for 2011-2012 and signed a broadcast deal with Ten Sports. Unlike the IPL, Machdar did not opt for a public auction process and selected franchises by invitation. The potential franchise owners will have a minimum commitment on marketing within the franchise agreement while Machdar will take care of most marketing initiatives. Machdar is also on the verge of gaining the required approvals from world governing body of the sport-Federation International de l'Automobile ( FIA), and the Federation of the Motorsport Council of India (FMCI). Potential $20m Investors Mumbai: Shah Rukh Khan, Jai Mehta, Juhi Chawla Delhi: Mohit Burman and another investor Hyderabad: N Prasad, Akkineni Nagarjuna Chennai: Tony Fernandes, SG Srinivas Chandigarh: Yuvraj Singh and a local businessman Kolkata: Consortium involving ex-cricketer Sourav Ganguly Pune: A businessman related to a top Bollywood family Bangalore: A consortium of investors ON THE FAST TRACK * i1 Super Series will have five races this season involving 8 teams from 8 cities in India-Mumbai, Kolkata, Chennai, Delhi, Bangalore, Chandigarh, Hyderabad and Pune * Team owners and drivers are being selected on invitation basis only and one cannot apply to race in this championship * The series will take place in 5 venues at New Delhi, Abu Dhabi, Doha, Kuala Lumpur and Bahrain * Broadcast rights owned by Ten Sports * Each team will have three drivers: one international driver, an Indian (with international experience) and one domestic driver * Each weekend will have 1 qualifying session and 2 races, making a total of 14 races in the championship * Each team will use the Radical SR3 race car * The car weighs 570 kg, goes 0-100 kmph in 3 seconds, has a top speed of 250 kmph Link
yoda Posted November 1, 2011 Posted November 1, 2011 Interesting. Wonder why the races aren't being held in just Indian cities. No infrastructure?
Sachinism Posted November 1, 2011 Posted November 1, 2011 They'll have to build a bunch of tracks, won't be cheap. Seems like they wanna cash in on this F1 hype.
achilles Posted November 2, 2011 Posted November 2, 2011 Seems like a good deal and will help the rise of young Indian drivers. Good on you, Sachin.
Sachin=GOD Posted November 4, 2011 Author Posted November 4, 2011 Shah Rukh Khan buys Mumbai franchise of i1 Super Series NEW DELHI: After cricket, Bollywood superstar Shah Rukh Khan has now stepped his foot in the world of motorsports by becoming a co-owner of the Mumbai franchise of the upcoming racing league, i1 Super Series. Shah Rukh has become a joint owner of the Mumbai franchise along with his IPL side Kolkata Knight Riders' partner, the Mehta Group. Shah Rukh Khan's involvement with the i1 Super Series, an initiative of Machdar Motorsports, is seen as a big boost for the championship that will commence in January next year. The highly anticipated i1 Super Series, charted on the popular city based franchisee format, will have nine teams representing as many cities from across the country with each team having an Indian and an international driver per car. Announcing the partnership, Anjana Reddy, director of Machdar Motorsports said, "We are absolutely thrilled to welcome Shah Rukh Khan to the i1 Super Series as the franchisee holder for Mumbai. "Shah Rukh loved the concept and our vision to establish the i1 Super Series as a landmark in Indian Motorsports." Shah Rukh Khan, on his part, was convinced that the series will be one of the biggest sporting events in the country. "The i1 Super Series is a very interesting concept as it gets racing drivers from across the globe to partner with young Indian talent. After the inaugural Indian GP it is clear that motorsports is hugely popular in India and I strongly believe that this series will be a success with its one-of-a-kind concept."
1983-2011 Posted November 4, 2011 Posted November 4, 2011 Tollywood superstar Nagarjuna has reportedly bought the Hyderabad franchise of Master Blaster Sachin Tendulkar’s Indian Racing league - called the i1 Super Series - which was launched in August this year. Nagarjuna and entrepreneur N. Prasad, who sold Matrix Laboratories to Mylan, have clinched the franchise deal for Hyderabad, it is heard. Apart from Nagarjuna, Shahrukh Khan has bought the Mumbai franchise. Sachin Tendulkar and Sanjana Reddy have bought a share of 26% in the i1 Super Series which is owned by Machadar Sports Company. Sources say that the first edition of i1 Super Series will hit the tracks on January 8 and conclude on February 26, 2012. The i1 Super Series has a 16 member squad with two cars and they are categorized as eight teams. To be held across various locations such as Delhi, Doha, Bahrain, Kuala Lumpur, Abu Dhabi, the races will have Formula 1 drivers along with Indian drivers.
1983-2011 Posted November 4, 2011 Posted November 4, 2011 Tollywood superstar Nagarjuna has reportedly bought the Hyderabad franchise of Master Blaster Sachin TendulkarÃÔ Indian Racing league - called the i1 Super Series - which was launched in August this year. Nagarjuna and entrepreneur N. Prasad, who sold Matrix Laboratories to Mylan, have clinched the franchise deal for Hyderabad, it is heard. Apart from Nagarjuna, Shahrukh Khan has bought the Mumbai franchise. Sachin Tendulkar and Sanjana Reddy have bought a share of 26% in the i1 Super Series which is owned by Machadar Sports Company. Sources say that the first edition of i1 Super Series will hit the tracks on January 8 and conclude on February 26, 2012. The i1 Super Series has a 16 member squad with two cars and they are categorized as eight teams. To be held across various locations such as Delhi, Doha, Bahrain, Kuala Lumpur, Abu Dhabi, the races will have Formula 1 drivers along with Indian drivers. :hysterical::hysterical:
1983-2011 Posted November 4, 2011 Posted November 4, 2011 t has been decided that all i1 SUPER TEAMS will race only Radical SR3 SUPER CAR in the i1 Super Series . This racing SUPER CAR was selected considering its drivability and safety features. Radical SR3 SUPER CARS are convenient to drive, for both experienced and greenhorn drivers and there is nothing much outside F1 that can give the same thrill of speed and pleasure of handling, which a Radical SR3 SUPER CAR can provide. The main reason to race uniform car models is to create a fair and balanced competition. Ultimately, victory will depend entirely on the driver's skill and competence. A Radical SR3 is a two-seater, with powder-coated carbon steel space frame chassis with integral safety cell - complying with FIA Production Sports Car Safety Structure Test. Other phenomenal features in this Super car are: Aluminium honeycomb front crash structures complying with FIA Production Sports Car Crash Test Powertec 1340cc 4-cylinder double overhead cam engine, dry sump with remote oil reservoir & oil cooler Engine performance: 210bhp, 130ft/Ibs, 10,500rpm Stainless steel manifold and silencer 260mm dia. 25mm, 30-vane ventilated discs front and rear http://www.i1superseries.com/medianewsportal3.html
1983-2011 Posted November 4, 2011 Posted November 4, 2011 isnt 15 yrs too ambitious? $20 million for 15 years is gamble but could pay off
Sachin=GOD Posted November 4, 2011 Author Posted November 4, 2011 S=G passes dilwa diyo :D koi mujhe dliwa de toh main tumhe dilwa dunga :D
achilles Posted November 5, 2011 Posted November 5, 2011 isnt 15 yrs too ambitious? Sachin will break even in less than 5 yrs. I'm sure he's concerned about that primarily. On a slightly different note, I hope SRK's team finally wins something
Mariyam Posted November 6, 2011 Posted November 6, 2011 I've seen a lot of weird things during my short, but memorable stay here on ICF, but in post #8 the poster has quoted his own post and is laughing at it???
Yoda-esque Posted November 7, 2011 Posted November 7, 2011 I've seen a lot of weird things during my short' date=' but memorable stay here on ICF, but in post #8 the poster has quoted his own post and is laughing at it??? :hysterical::hysterical: Priceless!! Maybe he suffers from short term memory loss ?
1983-2011 Posted November 7, 2011 Posted November 7, 2011 I've seen a lot of weird things during my short' date=' but memorable stay here on ICF, but in post #8 the poster has quoted his own post and is laughing at it??? :hysterical::hysterical: Priceless!! Maybe he suffers from short term memory loss ? I was laughing at the article that I posted in which it said that the races will have Formula 1 drivers:cantstop: why the heck would Formula 1 drivers want to race in this amateur race league plus they earn millions of dollars from F1
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