Nine teams, with two cars each, will compete in seven Asian cities in a short calender, consisting of 14 races on seven weekends.
“Cricket and Bollywood stars and a few top industrialists have already shown a keen interest to own the nine Indian city-based franchise teams. Cricketers Tendulkar and Yuvraj Singh have been approached,” said the CEO of event promoters Machdar Motorsports, M Darshan.
Sachin Tendulkar is a huge fan of F1 who owned a Ferrari 360 Modena which was gifted to him by Ferrari themselves. Sachin recently sold it off to a Surat based businessman and bought himself a brand new Nissan GT-R. Alongwith, Sachin, there is also a talk of Yuvraj Singh being offered the ownership of a racing team in the series.
The 9 available franchises for a base price of USD five million each are being made available by invitation and not a popular auction. Once owners and series broadcast partners are finalized an announcement to this effect will be made.
Each team will have an India and a foreign driver and each race with two cars forming an 18-car grid.
The series will held in seven Asian cities – New Delhi and Chennai in India, Abu Dhabi, Doha and Dubai in the Arabian Gulf, Kuala Lumpur in Malaysia and Pattaya in Thailand.
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