With just six weeks to go for the February 10 race, the championship has released a statement stating that the event faces a risk of cancellation.“Following a recent official communication received from the new Government of Telangana, Formula E is seeking urgent clarification of their contractual commitments under the agreement and how it could impact the Hyderabad race. Based on the content of the letter received, Formula E is concerned the race will not be able to go ahead as planned,” the statement from Formula E read.
“With the event just a few weeks away and in its final stages of preparation, Formula E, partners and suppliers have already made significant commercial investments in the event.” it added.
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Earlier this year, the inaugural Hyderabad E-Prix took place on the street-circuit along the Hussain Sagar Lake. The event generated an economic impact of nearly $84 million (nearly Rs 700 crore) for the region.
The potential cancellation of the Hyderabad E-Prix could deal a significant blow to the motorsports scene in the country. This setback comes at a time when the globally-acclaimed sport had just begun to overcome the lingering memories of Formula One’s departure in 2013. Recent events, such as Uttar Pradesh successfully hosting MotoGP’s inaugural Grand Prix of Bharat, had signaled a positive resurgence for motorsports in the country.
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