Montreal secures five-year F1 deal

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    Ross
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    Montreal secures five-year F1 deal

    Post by Ross on 28th November 2009, 09:49

    Canadian GP back on 2010 calendar




    The Canadian Grand Prix has moved a big step closer to returning to the Formula 1 calendar after securing major government investment.

    The popular Montreal race had fallen off the schedule this year when organisers were unable to reach an agreement with Bernie Ecclestone, and although it was pencilled in for a return in 2010, that deal was dependent on a financial deal falling into place.

    Yesterday it was announced that a $15 million funding injection from the governments of Canada and Quebec, and the city of Montreal and its tourism authority, had been secured.

    The return of the Canadian GP is therefore set to be ratified at the FIA World Motor Sport Council meeting next month.

    Montreal's mayor Gerald Tremblay had been at the centre of negotiations to revive the race, and was delighted to have succeeded.

    "The return of Formula 1 to Montreal attests to our sustained efforts and determination," said Tremblay.

    "This win-win deal falls in line with the terms we set and the taxpayer's ability to pay and will create stability for the next five years.

    "I am very pleased that our metropolis is bringing back this crucial stage in the Formula 1 series for fans from around the world and an outstanding opportunity in terms of the event's international reach."

    The 2010 Canadian GP is set for 11-13 June on the latest draft of the provisional calendar.

    The return of Montreal will be welcomed by the F1 fraternity.

    The teams had been concerned by the lack of a North American date this year following the loss of Montreal and Indianapolis in recent seasons, and although they are still clamouring for a GP in the United States, returning to Canada will be seen as a step in the right direction.

    Montreal is also a favourite with the drivers, who enjoy the city atmosphere, while the often action-packed races that the unusual, concrete wall lined, track encourages have long been popular with F1's fans.

    Source: itv.com/f1


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