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No state support for French GP

The will be no French state support for an F1 race if a deal can be struck to put the country back on the calendar
The French sports ministry has revealed that it won't provide any state backing to a proposed bid to revive the French Grand Prix.

The race hasn't been held since 2008 although there has been interest from both Magny-Cours and Paul Ricard about bringing the event back onto the calendar.

However, the state has now confirmed that it won't provide state support, leaving the French Autosport Federation to examine if either venue wishes to now continue with its bid.

"Madam minister Valerie Fourneyron confirmed that the state would not grant any financial help to the French Grand Prix," the FFSA said in a statement.

"I will put a question to the two bidders in the coming days to contemplate with them the conditions in which they could carry on with their candidacies," FFSA president Nicolas Deschaux added.



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mrfill

September 26, 2012 11:58 AM

If this is a money making event you would expect that a shrewd billionaire would invest and collect the return but none have come forward so why should a state (i.e. taxpayers), recovering from an economic trauma caused by transatlantic banks, take the loss?

richard

September 26, 2012 1:29 PM

in a way, understandable. the front runner was paul ricard, and who owns the circuit?? why it is bernie. so why would the french govt be prepared to put money into bernies pocket?



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