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After investing Rs18crore, here's what one of the movers and shakers (my ex-team) have been forced to do. So think carefully before you decide to go down that road
Red Rooster Racing exit motorsports - IndiaVision News
Red Rooster Racing exit motorsports
Monday - Apr 25, 2011, 04:55pm (GMT+5.5)
Chennai - After three seasons, the high-profile Bangalore-based Red Rooster Racing team has decided to exit motorsports in view of a financial crunch, according to its Managing Director and founderDinesh Reddy.
"There is only so much you can do. When we launched the team, we had said three years. We spent a total of about Rs.18 crore during this period and it is not possible to keep going unless we get funding from sponsors," Reddytold IANS.
The Red Rooster Racing were actively involved in the Indian National Rally Championship (INRC), track racing, go-karting and two-wheeler competitions,but last year, they restricted themselves to rallying.
The team's big success came in the INRC when their lead drivers, Vikram Mathias and VR Naren Kumar won the overall championship titles in 2008 and2010, respectively, driving in the high-end Group N+ class (Mitsubishi Cedia).
The 2011 INRC is scheduled to commence in the first week of June with the opening round in Nashik, Maharashtra.
"We had approached nearly 25 Corporate houses seeking sponsorship and made detailed presentations. They all showed interest, but eventually, nothing came out of it. I feel sad but not bad that we are exiting considering that we just couldn't go on spending without any backing. So, we decided to exitthe sport and focus on our core business of preparing high performance cars," said Reddy.
He lamented that cricket had cornered a major chunk of corporate sponsorship in India, and that unless car and bike manufacturers got involved in motorsports, there was little scope for the sport to grow and develop.
"Cricket has virtually usurped sports sponsorship in India. Under the circumstances, we couldn't secure funding for our motorsports programme. Having said that, I do not rule out our return if we can rope in sponsors, but it will take a miracle to achieve that," said Reddy.
Read more: Red Rooster Racing exit motorsports - IndiaVision News
Red Rooster Racing exit motorsports - IndiaVision News
Red Rooster Racing exit motorsports
Monday - Apr 25, 2011, 04:55pm (GMT+5.5)
Chennai - After three seasons, the high-profile Bangalore-based Red Rooster Racing team has decided to exit motorsports in view of a financial crunch, according to its Managing Director and founderDinesh Reddy.
"There is only so much you can do. When we launched the team, we had said three years. We spent a total of about Rs.18 crore during this period and it is not possible to keep going unless we get funding from sponsors," Reddytold IANS.
The Red Rooster Racing were actively involved in the Indian National Rally Championship (INRC), track racing, go-karting and two-wheeler competitions,but last year, they restricted themselves to rallying.
The team's big success came in the INRC when their lead drivers, Vikram Mathias and VR Naren Kumar won the overall championship titles in 2008 and2010, respectively, driving in the high-end Group N+ class (Mitsubishi Cedia).
The 2011 INRC is scheduled to commence in the first week of June with the opening round in Nashik, Maharashtra.
"We had approached nearly 25 Corporate houses seeking sponsorship and made detailed presentations. They all showed interest, but eventually, nothing came out of it. I feel sad but not bad that we are exiting considering that we just couldn't go on spending without any backing. So, we decided to exitthe sport and focus on our core business of preparing high performance cars," said Reddy.
He lamented that cricket had cornered a major chunk of corporate sponsorship in India, and that unless car and bike manufacturers got involved in motorsports, there was little scope for the sport to grow and develop.
"Cricket has virtually usurped sports sponsorship in India. Under the circumstances, we couldn't secure funding for our motorsports programme. Having said that, I do not rule out our return if we can rope in sponsors, but it will take a miracle to achieve that," said Reddy.
Read more: Red Rooster Racing exit motorsports - IndiaVision News
true to your thought, we can atleast start with our own xBhp track !!
In simple words - If racing schools and clubs say to me, we will conduct events and championships throughout the year on your tracks across the country, I will go ahead and make sure this project turns into reality.
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