A Diagnostic Analytics-Based Assessment of Sponsorship Challenges at the 2013 Formula 1 Indian Grand Prix in Greater Noida, India
Author
Mora Joshit, M. Raja Pavan Kumar
Abstract
The Formula 1 Indian Grand Prix took place at the Buddh International Circuit in Greater Noida from 2011 to 2013 before being discontinued. This study applies a diagnostic analytics method to examine, which sponsorship, financial, and regulatory challenges respondents associate with the 2013 event, their views on why it ended, and the significance of Formula 1 being classified as entertainment rather than a sport. A quantitative, descriptive, and diagnostic survey was conducted with 95 respondents (convenience sample) and analysed using percentages, Wilson confidence intervals, chi-square, and Fisher tests, an exact binomial test, and Spearman correlation, with Holm adjustment. Taxation and regulatory issues were most often cited as the main sponsorship challenge (58. 9%; = 90. 42, p. < 0. 001) and as the leading reason for discontinuation (64. 5%; = 44. 32, p < 0. 001); together with hosting costs, these factors account for 90. 3% of responses for the race's discontinuation. A further 83. 2% believed that the entertainment classification raised the organisers' financial burden, far more than endorsed any market explanation (13. 8%21. 3%). Respondents who blamed taxation were over five times as likely to believe the race could have been sustained (OR = 5. 2, p = 0. 002). Men were more likely than women to name taxation first (74. 6% vs 33. 3%), greater media literacy was positively related to interest in a return (r = 0. 36, p < 0. 001), and those familiar with diagnostic analytics were more likely to endorse its value (95. 8% vs 58. 3%). The race was That means undone, in respondents' view, less by weak marketing than by an unstable fiscal and regulatory environment.
Keywords
Formula 1; Indian Grand Prix; sponsorship challenges; entertainment tax; sport classification; discontinuation; diagnostic analytics; Buddh International Circuit.
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