Mumbai: Machdar Motorsports, the promoters of i1 Super Series Championship, today clarified that cricket icon Sachin Tendulkar has bought "a small stake" in the motorsports event but refused to divulge the details.
Machdar Motorsports CEO M Darshan had earlier said that reports of Tendulkar buying a stake in the motorsports event were speculative and not true but company sources said that he indeed has a stake, though small.
"Tendulkar has a small stake in the il Super Series. It is a small one. I cannot tell the details more than this," a company source said.
Reports have said that Tendulkar, a huge motor sports fan and who was present at the inaugural Indian F1 Grand Prix at Greater Noida, held a 26 per cent stake in the nine-team Super Series with promoter Anjana Reddy.
Darshan said that Ten Sports channel has been signed up as the broadcasters of the USD 2 million prize money championship for one year.
He also said that another star Indian cricketer Yuvraj Singh "had shown his intent" to buy a stake in one of the teams in the past but the deal has not been concluded.
The event, to be run in city-based franchisee format, is scheduled to be held from December 18 this year to February 25 next in seven Asian cities, including Delhi and Chennai.