F1 »

IOC threat to Russian GP?

Games organisers deny that Russia's F1 ambitions will cause conflict in Sochi.
The first-ever competitive F1 event in Russia should go ahead as planned in 2014 despite suggested threats to its place on the calendar from the International Olympic Committee.

With Russia aiming to attract a glut of major sporting events to its shores over the next few years, including F1 and soccer's World Cup, the IOC has expressed concern that the programme of development for the 2014 Winter Olympic Games in Sochi will be hampered by plans to stage the inaugural Russian GP there the same year. Such is its concern, the IOC has said that it would consider using legal powers to order a postponement of the F1 event for a year should it perceive that the project will hinder construction or preparation for the Games.

However, Dmitry Chernyshenko, president of the Sochi games organising committee, insisted that plans are well in hand on both projects and said that he expected the grand prix, which will share some of the Olympic facilities, to go ahead as scheduled. Initial plans show the proposed circuit using roads built for the Olympics and winding around the Olympic Park and its various venues. The race has a contract to run on the Hermann Tilke-penned layout until 2020, with an option to extend that deal if all parties are happy.

"It's well on track," he claimed to Reuters reporters, "It was decided that the IOC will review the final feasibility study at the forthcoming executive project review in May and they will see the real construction design document to realise the overlapping with the Olympic infrastructure. It's a great project in terms of creating the additional legacy and to fulfil the Olympic Park with the post-Games activities.

"[F1] is a great attraction to speed up and attract the potential owners of the commercial property that will be built, [while] we are going to build about 20,000 rooms for the Games, some [of which] will be apartments. They should be on sale with some clear reason why people should buy them. Such regular events like F1 ... will attract the commercial buyer.

"There are pure endorsement and mutual benefits for both Olympic Games and F1 project," said Chernyshenko. "[The race] will not impact on the timeframe of the preparation for the Games."

Where F1, and the World Cup, may well hit the Olympics, however, is on the sponsorship front, with Chernyshenko admitting that the three competitions are vying for the same financial support.

While Sochi has already matched the amount of funding that Beijing achieved for its summer Olympics in 2008 - so far securing deals worth a $1.1bn for what, financially, is the most successful winter games ever - it appears that a far bigger figure is being prevented by interest in Russia's bids for F1 and the World Cup. Another $200m is expected to join the sponsorship already acquired for the Olympics, but its rivals are proving to be equally attractive to sponsors.

"The more Russia obtains the right to host major events, the more there is competition," Chernyshenko admitted, "The competitive environment is getting tougher."

With Vitaly Petrov now an F1 podium visitor and sportscar manufacturer taking a financial interest in Virgin Racing, Sochi looks more likely than any previous grand prix project to get off the ground.




Related Pictures

Click on relevant pic to enlarge
26.03.2011- Saturday Practice, Marussia Virgin Racing VR-02
27.03.2011- Race, Vitaly Petrov (RUS), Lotus Renault GP, R31 3rd position
10/2/2011- Vitaly Petrov (RUS), Lotus Renault GP, R31
Marussia, Sauber
Daniel Ricciardo - Red Bull Racing
27.07.2014- Race, Fernando Alonso (ESP) Scuderia Ferrari F14-T
27.07.2014- Race, Nico Rosberg (GER) Mercedes AMG F1 W05
27.07.2014- Race, Valtteri Bottas (FIN) Williams F1 Team FW36 and Sebastian Vettel (GER) Red Bull Racing RB10
27.07.2014- Race, Nico Rosberg (GER) Mercedes AMG F1 W05 and Sebastian Vettel (GER) Red Bull Racing RB10
27.07.2014- Race, Daniel Ricciardo (AUS) Red Bull Racing RB10
27.07.2014- Race, Nico Rosberg (GER) Mercedes AMG F1 W05
27.07.2014- Race, Kimi Raikkonen (FIN) Scuderia Ferrari F14-T and Lewis Hamilton (GBR) Mercedes AMG F1 W05
27.07.2014- Race, Crash, Sergio Perez (MEX) Sahara Force India F1 VJM07
27.07.2014- Race, The Safety car on the track
27.07.2014- Race, Valtteri Bottas (FIN) Williams F1 Team FW36
27.07.2014- Race, Sebastian Vettel (GER) Red Bull Racing RB10 leads Fernando Alonso (ESP) Scuderia Ferrari F14-T
27.07.2014- Race, Crash, Nico Hulkenberg (GER) Sahara Force India F1 VJM07 and Sergio Perez (MEX) Sahara Force India F1 VJM07
27.07.2014- Race, Valtteri Bottas (FIN) Williams F1 Team FW36 and Sebastian Vettel (GER) Red Bull Racing RB10

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.




© 1999 - 2014 Crash Media Group

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