India set to host 2011 F1 race despite financial differences

MANAMA: India will host a Formula One Grand Prix in 2011 despite recent financial differences between race promoters and government officials.

“Subject to final approval of the calendar by the World Council, Mr Bernie Ecclestone, the President of Formula One Management (FOM), has informed the FIA (the sport’s governing body) that India will host a Formula One event in 2011,”said a FIA source.

The project hit a stumbling block last year when the sports ministry turned down the promoters request to be allowed to pay Formula One 36.5 million dollars for the rights to the race.

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