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Olympic Park F1 bid comes to nothing

Plans for an F1 race in the Olympic Park in London come to nothing after West Ham United earn preferred bidder status on the Olympic Stadium
A plan to run a Formula One event in the Olympic Park in London has failed after the London Legacy Development Corporation announced who it had selected as the preferred bidder to move into the Olympic Stadium.

Intelligent Transport Solutions Ltd had launched a bid to host a race in and around the stadium earlier in the year, with football clubs West Ham United and Leyton Orient and the University College of Football and Business also putting proposals forward to make the Olympic Stadium their new homes.

Having looked at the different bids, West Ham has now been named as preferred bidder in a move that will end the dreams of an F1 race around the park, which hosted the successful London Games this summer.

Although there remains a chance that West Ham's move might not take place, it would seem unlikely that F1 would be considered as a second options, with LLDC stating that 'Intelligent Transport Services were also unsuccessful due to too much uncertainty in relation to key aspects of their bid and assumptions in their business plan'.

F1 supremo Bernie Ecclestone has made no secret of the fact that he would like to see an F1 race in London, albeit with his preferred option being for an event on a street circuit.




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London Olympic stadium   [pic credit: LOCOG]
24.08.2014- Race, Paul Hembery, Pirelli Motorspor Director, Nikki Lauda (AU), Mercedes and Bernie Ecclestone (GBR), President and CEO of FOM
24.08.2014- Race, Nikki Lauda (AU), Mercedes, Bernie Ecclestone (GBR), President and CEO of FOM and Paul Hembery, Pirelli Motorspor Director
24.08.2014- Race, Bernie Ecclestone (GBR), President and CEO of FOM
24.08.2014- Race, Bernie Ecclestone (GBR), President and CEO of FOM
24.08.2014- Race, Bernie Ecclestone (GBR), President and CEO of FOM
24.08.2014- Bernie Ecclestone (GBR), President and CEO of FOM
24.08.2014- Bernie Ecclestone (GBR), President and CEO of FOM
24.08.2014- Bernie Ecclestone (GBR), President and CEO of FOM
26.07.2014- Bernie Ecclestone (GBR), President and CEO of FOM
20.07.2014- Bernie Ecclestone (GBR), President and CEO of Formula One Management
20.07.2014- Lukas Podolski (GER) Football Player and Bernie Ecclestone (GBR), President and CEO of Formula One Management
20.07.2014- Lukas Podolski (GER) Football Player and Bernie Ecclestone (GBR), President and CEO of Formula One Management
20.07.2014- Bernie Ecclestone (GBR), President and CEO of Formula One Management
20.07.2014- Bernie Ecclestone (GBR), President and CEO of Formula One Management
20.07.201- Fabiana Flosi (BRA), wife of Bernie Ecclestone (GBR).
Bernie Ecclestone
Bernie Ecclestone

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Josh - Unregistered

December 05, 2012 4:27 PM

Gimmicky idea anyway, let it die. F1 needs to bring back some of the classic circuits, the REAL circuits, before silly 'publicity-generator' events like this.

Dumper - Unregistered

December 06, 2012 7:35 AM

Absolutely agree with you Josh. Brands Hatch, and even, dare I mention, Donnington Park, should definitely be on your list. I'm old enough to remember plans that got to quite an advanced stage for racing around the Streets of Birmingham during the 80's. They went the same way that any attempt for a GP in London will go. Ultimately it comes down to money for Bernie's Piggy Bank, and the lack of any political will. Although I thought Boris was up for it, I must be mistaken.



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