Rediff India Abroad
 Rediff India Abroad Home  |  All the sections

Search:



The Web

India Abroad




Newsletters
Sign up today!

Article Tools
Email this article
Top emailed links
Print this article
Contact the editors
Discuss this article

Home > Sports > News > PTI > Report


F-1 back on AP track

January 31, 2004 20:45 IST

The Indian leg of the Formula One race intensified further on Saturday with the Andhra Pradesh Government claiming it was closer to clinching a final deal withF1 chief Bernie Ecclestone.

"We are in the forefront and ahead of others," a source in the negotiating team saidas theGovernment uppedthe ante in the battle for the right to host an F-1 race.

In what was akin to waving itself the chequered flag, the Government disclosed a letter from Ecclestone who wrote he had not contacted any other party in India with regard to hosting a F-1 race.

"This is to confirm that we have not entertained any meetings with any other parties. I will inform you as you know we have kept our side of the agreement," Ecclestone said in a letter faxed to negotiation panel at Hyderabad.

As per the agreement mentioned by Ecclestone, F-1 was bound by a 'lock-in period' clause which prevented it from holding discussions with any party in the country other thanthe Andhra Government till the completion of the said period, the source said.

This effectively throws out of the window the recent claims of the Maharashtra Chief Minister Sushil Kumar Shinde that his State was negotiating with Ecclestone to host an F-1 race.

"I cannot speak of other governments, but negotiations are on and we are closing in on a final deal," the panel member said.

The negotiating team from the state government had held three rounds of discussions in London with F-1 organisers and would have one more round in February, the source said.

"This round of negotiations will centre around the legal and commercial aspects of the project and we are studying the documents sent by F-1," he said.

© Copyright 2005 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

Share your comments


Advertisement






Copyright 2006 Rediff.com India Limited. All Rights Reserved.