Indian Institute of Planning and Management's (IIPM) Arindam Chaudhuri and his Planman Group have been named as the Delhi franchise owners for the all new motorsport racing league i1 Super Series,an initiative by Machdar Motorsports. The Delhi franchise is the second team to be confirmed for the event after Bollywood superstar Shah Rukh Khan was revealed as the Mumbai franchisee holder,a statement said on Monday.
The i1 Super Series,charted on the popular city based franchisee format,will have nine teams representing nine different cities from across the country with each team having an Indian and an international driver per car.
According to news reports,Planman will invest about $5-6 million on the Delhi team in the first year.For the last two years,Planman Stars has been looking forward to a better foothold in sports.When we came to know that the likes of Sachin Tendulkar and Shahrukh Khan are involved in i1 Super Series,we thought it is a good opportunity, Chaudhuri said.On the team's future plans,he said: We have just got it,but we could be investing about $ 5-6 million,including the licence fee,in the first year. TNN & AGENCIES