F1 »

Bulgaria cans F1 plans

Bulgaria reveals that plans to try and secure a slot on the F1 calendar are to come to an end
Hopes of Bulgaria joining the F1 calendar appear to have come to an end after the Bulgarian Motorcycling Federation – which was believed to have held talks with Bernie Ecclestone – announced that it was to suspend all its activities.

The current economic downturn has made the search for funding more difficult than in the past, with the state government refusing to provide any financial backing. Indeed, Bulgarian sports minister Svilen Neikov was quoted as stating that the only government assistance in building a new circuit for F1 and MotoGP would be to provide the land to allow construction to take place – with Ecclestone needing to find a company to then sponsor construction.

Thanks to that lack of government support, the BMF has now confirmed that it will suspend all activities, with chief Bogdan Nikolov admitted that the federation was simply unable to go on.

"At the end of what was possibly our most successful season ever, we have to suspend all activities and shut down the federation," Nikolov told the Sofia Echo. "This federation cannot be sustained by the personal loans that I myself provide. I have to pay off debts and loans from banks, I even sold some of my own personal property to keep operations going."

"To date we have received no assistance this year from the State Agency for Youth and Sports, nor the Sports Ministry, and there is no sign that we will in the future."


Tagged as: Bernie Ecclestone , Bulgaria , BMF

Related Pictures

Click on relevant pic to enlarge
Start, Spanish F1 Grand Prix, Catalunya, 8th-10th, May, 2009
27.11.2016 - Race, Roger Federer (SUI) tennis player and Bernie Ecclestone (GBR), President and CEO of FOM
27.11.2016 - Bernie Ecclestone (GBR), President and CEO of FOM
27.11.2016 - Bernie Ecclestone (GBR), President and CEO of FOM
27.11.2016 - Bernie Ecclestone (GBR), President and CEO of FOM
26.11.2016 - Qualifying, Bernie Ecclestone (GBR), President and CEO of FOM office
26.11.2016 - Bernie Ecclestone (GBR), President and CEO of FOM and Flavio Briatore (ITA)
26.11.2016 - Free Practice 3, Bernie Ecclestone (GBR), President and CEO of FOM
26.11.2016 - Free Practice 3, (L-R) Fabiana Flosi (BRA), Wife of Bernie Ecclestone and Piero Ferrari (ITA) Vice-President Ferrari
26.11.2016 - Bernie Ecclestone (GBR), President and CEO of FOM, Fabiana Flosi (BRA), Wife of Bernie Ecclestone and Christian Horner (GBR), Red Bull Racing, Sporting Director
26.11.2016 - Free Practice 3, Fabiana Flosi (BRA), Wife of Bernie Ecclestone
26.11.2016 - Chase Carey (USA) Formula One Group Chairman, Bernie Ecclestone (GBR), President and CEO of FOM and Christian Horner (GBR), Red Bull Racing, Sporting Director
26.11.2016 - Chase Carey (USA) Formula One Group Chairman, Bernie Ecclestone (GBR), President and CEO of FOM and Christian Horner (GBR), Red Bull Racing, Sporting Director
26.11.2016 - Chase Carey (USA) Formula One Group Chairman, Flavio Briatore (ITA) and Bernie Ecclestone (GBR), President and CEO of FOM
26.11.2016 - Flavio Briatore (ITA), Fabiana Flosi (BRA), Wife of Bernie Ecclestone and Bernie Ecclestone (GBR), President and CEO of FOM
26.11.2016 - Flavio Briatore (ITA), Fabiana Flosi (BRA), Wife of Bernie Ecclestone and Bernie Ecclestone (GBR), President and CEO of FOM
26.11.2016 - Flavio Briatore (ITA), Fabiana Flosi (BRA), Wife of Bernie Ecclestone and Bernie Ecclestone (GBR), President and CEO of FOM
26.11.2016 - Chase Carey (USA) Formula One Group Chairman, Bernie Ecclestone (GBR), President and CEO of FOM and Christian Horner (GBR), Red Bull Racing, Sporting Director

Join the conversation - Add your comment

Please login or register before adding your comments.

Although the administrators and moderators of this website will attempt to keep all objectionable comments off these pages, it is impossible for us to review all messages. All messages express the views of the poster, and neither Crash Media Group nor Crash.Net will be held responsible for the content of any message. We do not vouch for or warrant the accuracy, completeness or usefulness of any message, and are not responsible for the contents of any message. If you find a message objectionable, please contact us and inform us of the problem or use the [report] function next to the offending post. Any message that does not conform with the policy of this service can be edited or removed with immediate effect.


Mossop - Unregistered

November 16, 2009 11:44 AM

I think this project was doomed as soon as the 'Ecclestone needing to find a company to then sponsor construction' part came about as I can't see the poison dwarf bothering his **** actualy doing some work. He just want's platefulls of cash lining his pocket. How else do you become the most efficent company on the planet? (Gross Profit v Employees)



© 1999 - 2016 Crash Media Group

The total or partial reproduction of text, photographs or illustrations is not permitted in any form.