F1 » Canadian GP back on – at a fraction of Ecclestone's price


The popular Canadian Grand Prix in Montreal will later this week be given the green light to return to the F1 calendar in 2010, claim reports - at just a fraction of the $175 million CAN fee Formula One Management chief executive Bernie Ecclestone had originally been demanding

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BERNIE - Unregistered

November 25, 2009 11:11 AM

Bet there's some sorely pis*** off Promoters out there, who paid the full asking price, bet the old discount button on the Silverstone calculator's working overtime

Mr D Bacle - Unregistered

November 25, 2009 11:17 AM

There was us on another thread moaning about drivers salaries!!!! Is Bernie going to just about break even with income received from cut price Canadian GP deal?

Staggering...

Cardinal

November 25, 2009 11:37 AM

If BE can offer a cut-price deal to Montreal, why not Silverstone? At least they have a f***ing circuit, and the know-how to successfully stage a Grand Prix year on year. I am very glad Canada is back on the schedule, if we can keep Silverstone, Spa and Suzuka, it's a start.

JohnsonsEvilTwin

November 25, 2009 12:33 PM
Last Edited 1738 days ago

Cardinal,

I agree 100%. Bernie needs Silverstone because all his other "new" tracks like Turkey and Bahrain dont actually make money! Sure they can pay Bernie now, but whats to say they still have the capacity or appetite to do so in 3-5 years time!

Silverstone pay a shed load and the whole thing is feasible with 150,000 fans trackside come sunday! It would be incredibly dumb not to have a British Gp simply because Bernie would stand to not make as much money!

andrew mac

November 25, 2009 12:54 PM

How much of a cut price was this really? BE probably started with a price that was massivly over the top thus giving him some wiggle room to negotiate and to make the race organisers make they got a bargin. The guy is a billionaire, they don't make mistakes where money is concered or they wouldn't be billionaires. This all smacks of a bit of PR aimed at making BE/CVC look good and aimed at putting pressure on Silverstone to sign their contract by saying "Montreal signed so why not you?"

GS - Unregistered

November 25, 2009 1:12 PM

At current exchange rates, CAD 15 million is a little over GBP 8.5 million. If Silverstone pay any more than 9 million a year then they've been stitched up. And as for the 7% annual 'escalator' Bernie wants to impose - he has to be joking. How can he keep a straight face when interest rates and inflation are currently at just over zero?

I suspect the news about Canada has not come at a good time for Bernie's negotiations with the BRDA. Greedy little twot.

Dario - Unregistered

November 25, 2009 1:19 PM

@Cardinal

The Montreal track is one of the better ones on the calendar, and last I heard, it was Silverstone that had significant issues with access, accommodations, flooded/muddy access roads, etc.

I don't know why you have to turn this money grab by Ecclestone into a track-vs-track competition. It's BE that's the problem here. It isn't the tracks that should be sacrificed.

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