Things Appear Promising for Indian F1 Circuit
The global economic recession made their impact on all businesses quite bad and several sponsors backed from the deal, but Ecclestone is determined to continue with the plan. The Indian government recently declined a $35 million pay in funding to Formula One Management, with Indian sports minister saying F1 is not a sport but rather "entertainment".
"Everybody is entitled to their views. That's the good or the bad part of democracy," F1 chief executive Ecclestone, was cited by British media on Wednesday.
But this didn't discouraged F1's boss, who recently stated he will personally go to India in October to oversee the progress of the site and look for investors. Bernie Ecclestone is scheduled to meet with several important people on his arrival and negociate a future collaboration. The Briton's general impression is that the hardest moment of the crisis has passed.
"(The Grand Prix has) been on for a long time. There's never been any doubt. The contract has been signed a long time back," Ecclestone declared for Indian news agency PTI. "When I come to India in October I will meet with people and see what is the best way to move forward," added the Briton.
Eccleston insisted in ending his intervention on a positive note: "sponsorship was obviously a problem as a lot of big names were reconsidering but it is better now and sponsors are coming back."