India has now sealed a deal to bring formula one to the populous country in 2009.
The news has been publicised in the days prior to Sunday’s US grand prix, coinciding with Indianapolis organisers’ desire for a new long-term contract and Bernie Ecclestone’s apparent nonchalance about keeping his sport in the States.
But the Indian Olympic Association says it is in full agreement with the F1 supremo, with the preliminary deal contingent on the availability of a suitable venue in New Delhi.
“We have received a letter in this regard from Bernie Ecclestone,” the IOA’s Suresh Kalmadi announced in a news conference on Thursday.
He suggested that details like financing and land for a circuit have not yet been settled.
“Once we move ahead, a regular contract would be signed,” he added, ruling out a street race.