Fairstreet Sports has denied that the cancellation of Indian MotoGP 2024.
The denial was issued by the sport’s local promoter after “news” of the cancellation spread like wildfire around the world and back at the speed of light. Autosport.com was the first to report that the Indian round would be dropped as Fairstreet is yet to disburse funds to MotoGP rights holder Dorna Sports and several vendors.
That also led to speculation that the postponed Kazakhstan GP, which was originally intended for 16 June, will take the 20 September slot upon cancellation of the Indian MotoGP 2024.
Now Crash.net was told that payments were held back due to India’s Model Code of Conduct. It is a regulation which restricts spending public funds when elections are near. The GP’s funds comes from the government of Uttar Pradesh where the Buddh International Circuit resides. In any case, the funds have been approved to be disbursed on 4 June.
Fairstreet Sports CEO Pushkar Nath Srivastava told The Times of India on 15 May that the race is still on. “The race is very much on,” he said. “These are just rumours floating around. All of the contractual obligations will be met in June.” The reports had earlier stated that Dorna had given Fairstreet a dateline of 20 May.
Dorna signed a seven-year contract with Fairstreet Sports in 2022 to organise the Indian Grand Prix at the Buddh International Circuit from 2023 until 2030.
