Open

Coming up

Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Netanyahu deletes tweet featuring photo of James Foley

Read more

THE WORLD THIS WEEK

The World This Week - 22 August 2014 (part 2)

Read more

THE WORLD THIS WEEK

The World This Week - 22 August 2014

Read more

FRANCE IN FOCUS

FRANCE IN FOCUS

Read more

FOCUS

Lifting the veil over China's air pollution

Read more

ENCORE!

Tango Takeover in Paris

Read more

WEB NEWS

Calls for ISIS media blackout after execution of James Foley

Read more

IN THE PAPERS

'Steely resolve of reporters exploited by pared-down employers'

Read more

BUSINESS DAILY

US judge calls Argentina bond swap offer illegal

Read more

  • Europe launches navigation satellites to rival GPS

    Read more

  • Besieged by problems, Hollande faces unhappy return from summer holidays

    Read more

  • Iraqi Sunnis quit govt talks after mosque massacre

    Read more

  • US demands Russia withdraw aid convoy from Ukraine

    Read more

  • Rights group sues US government over ‘deportation mill’

    Read more

  • Colombian army and FARC rebels begin work on ceasefire

    Read more

  • US National Guard starts to pull out of embattled Missouri town

    Read more

  • PSG fall flat once more against Evian

    Read more

  • Fed Chair says US job market still hampered by Great Recession

    Read more

  • August 22, 1914: The bloodiest day in French military history

    Read more

  • Central African Republic announces coalition cabinet

    Read more

  • Hamas publicly executes "informers"

    Read more

  • French firebrand leftist to quit party presidency, but not politics

    Read more

  • Fear of Ebola sky-high among Air France workers

    Read more

  • US says Islamic State threat 'beyond anything we've seen'

    Read more

  • Malaysia mourns as remains of MH17 victims arrive home

    Read more

  • Turkish Foreign Minister Davutoglu set to be Erdogan's new PM

    Read more

  • Interactive: Relive the Liberation of Paris in WWII

    Read more

Ecclestone ends Canadian hopes for 2009 Grand Prix

Text by REUTERS

Latest update : 2008-11-17

Canadian officials blamed the 'unreasonable demands' of Formula One boss Bernie Ecclestone after last-ditch talks to reinstate Montreal's Grand Prix next year ended in failure.

LONDON - Canadian officals blamed the 'unreasonable demands' of Formula One supremo Bernie Ecclestone on Sunday for the failure of attempts to save the country's grand prix.

 

The officials had hoped to persuade the Briton to reinstate the race in Montreal after it was axed from the calendar, leaving North America without a grand prix for the first time in 50 years.

 

Montreal Mayor Gerald Tremblay, who said last month after meeting Ecclestone that he was hopeful a deal could be done, recognised that the talks had come to nothing.

 

"Despite our endeavours and those of the business community, the unreasonable demands of Formula One exceeded the taxpayer's ability to pay," he said in a statement on the city's website (www.ville.montreal.qc.ca).

 

The statement said Ecclestone had made a final contract offer on Oct. 28 demanding that an eventual promoter put up a government or bank guarantee of some $175 million over the next five years.

 

It said no private promoter was willing to take on such a level of risk, considering the limited revenue generated by the event.

 

Quebec economic development minister Raymond Bachand said officials had worked hard in recent weeks to save the race "while staying fiscally responsible.

 

"We cannot meet Mr. Ecclestone's unworkable demands," he added. "Unless he eases his requirements and adopts a different approach, there will be no Grand Prix in Montreal in 2009.

 

Canadian public works minister Christian Paradis said the race was a loss for all Canadians but Ecclestone had made 'unrealistic demands'.

 

"As I recently said; 'yes to a Grand Prix, but not at any price,'" he added.

 

Canadian organisers denied last month that they had defaulted on payments owed to Ecclestone for past hosting rights, while recognising a 'commercial disagreement' over the 2008 race.

 

The decision to drop Canada, with the U.S. Grand Prix at Indianapolis already cancelled this year, has dismayed Formula One teams by cutting off a prime market for their manufacturer owners and sponsors.

 

 

Date created : 2008-11-17

COMMENT(S)