NASCAR »

Montreal to lose Nationwide event

Montreal's Circuit Gilles Villeneuve is to lose its annual NASCAR Nationwide Series race, after the promoters failed to get a Sprint Cup race added to the venue's itinerary.
NASCAR's annual Nationwide Series race at the Circuit Gilles Villeneuve looks set to be cancelled, after the local promoters informed the series that they were relinquishing the rights to stage the NAPA Auto Parts 200 presented by Dodge.

The event has been popular with local Canadian fans of stock car racing, and with the Nationwide teams and drivers over its six years on the calendar.

"It was a very difficult decision to make," said François Dumontier, President and CEO of Octane Management Inc. "But under the previous management and our own in 2012, the event remained non profitable. Therefore we had to be realistic and conclude that the NASCAR main event on our weekend program doesn't have the kind of appeal that could generate the requested revenues."

In a statement released on Friday, Octane Management said that the event wasn't financially viable unless it was run in conjunction with a Sprint Cup race, and that NASCAR had responded to the request by saying that it was not possible to either add a new event to the Cup season or to move any existing Cup events in the near or even distant future.

"I must admit that NASCAR's final answer is extremely disappointing," said Dumontier. "We can understand how difficult it could be to modify the Sprint Cup schedule, but we still believe that we deserved higher consideration, especially since we have often been told that the annual Montreal event was very important to NASCAR.

"We remain convinced that the presence of the Sprint Cup at Circuit Gilles Villeneuve would have brought a much larger crowd," he added. "Our track usually generates a spectacular race and with its anticipated success, would have offered a larger recognition at the international level to the series and to NASCAR."

Octane Management is a sister company to Octane Motorsports Events, the promoter of the IZOD IndyCar Series event in Edmonton that was removed from the 2013 calendar after the company likewise told IndyCar officials on September 21 that the event was not financially sustainable.

"Despite our tight management policies and all our efforts to offer to the fans a world-class spectacle, we were not able to make this event profitable and nothing allows us to hope for a better profitability next year," Octane Motorsports said about the Edmonton Indy at the time. (See separate story.)

It's now emerged that the Octane Motorsports Events has filed for bankruptcy, with the legal papers stating that the company owes assorted creditors around 5.4 million Canadian dollars.

A third company within the group, Octane Racing Group Inc., is the official local promoter of the F1 Grand Prix of Canada, also staged at the Circuit Gilles Villeneuve.

While bankruptcy for one company within the group should not necessarily impact next year's Grand Prix in Montreal, FIA and FOM representatives will doubtless be closely following the situation and assessing whether the problems within Octane could end up affecting next year's F1 race.



Related Pictures

Click on relevant pic to enlarge
Alex Tagliani celebrates winning the Coors Light Pole for the NAPA 200 at Circuit Gilles Villeneuve. (Photo Credit: Robert Laberge/Getty Images)
Justin Allgaier crosses the finish line to win the NAPA 200 at Circuit Gilles Villeneuve. (Photo Credit: Tom Pennington/Getty Images)
Marcos Ambrose of the #9 Stanley Ford holds the trophy after winning the NAPA Auto Parts 200 at Circuit Gilles Villeneuve on Aug. 20 in Montreal, Quebec, Canada. [Photo Credit: Jason Smith/Getty Images]
Jacques Villenueve in the #22 Discount Tire/Ruby Tuesday Dodge takes a corner during the NAPA Auto Parts 200 at Circuit Gilles Villeneuve on Aug. 20 in Montreal, Quebec, Canada. [Photo Credit: Richard Wolowicz/Getty Images]
Kasey Kahne, driver of the #5 Quicken Loans Chevrolet SS, races to an eighth place finish with Dale Earnhardt, Jr., driver of the #88 Nationwide Chevrolet SS who finished in second place Saturday night, April 9, 2016 in the NASCAR Sprint Cup Series race at Texas Motor Speedway in Fort Worth, Texas.  (Photo by Alan Marler for Chevy Racing)
Dale Earnhardt, Jr., driver of the #88 Nationwide Chevrolet SS, finishes in second place Saturday night, April 9, 2016 in the NASCAR Sprint Cup Series race at Texas Motor Speedway in Fort Worth, Texas. (Photo by Brian Cleary for Chevy Racing)
Dale Earnhardt, Jr., driver of the #88 Nationwide Chevrolet SS, finishes in eighth place Sunday, March 6, 2016 in the NASCAR Sprint Cup Series race at Las Vegas Motor Speedway in Las Vegas, Nevada. (Photo by Harold Hinson for Chevy Racing)
Jimmie Johnson, driver of the #48 Lowe`s Chevrolet SS, races to victory Sunday, February 28, 2016 in the NASCAR Sprint Cup Series race at Atlanta Motor Speedway in Hampton, Georgia. This was Johnson`s 76th career win, 5th in Atlanta. Hendrick Motorsports teammate Dale Earnhardt, Jr., driver of the #88 Nationwide Chevrolet SS, finished second. The victory ties Johnson with Dale Earnhardt, Jr. in NASCAR premier series wins. (Photo by Alan Marler for Chevy Racing)
Jimmie Johnson, driver of the #48 Lowe`s Chevrolet SS, celebrates his victory with a burnout Sunday, February 28, 2016 in the NASCAR Sprint Cup Series race at Atlanta Motor Speedway in Hampton, Georgia. This was Johnson`s 76th career win, 5th in Atlanta. Hendrick Motorsports teammate Dale Earnhardt, Jr., driver of the #88 Nationwide Chevrolet SS, finished second. The victory ties Johnson with Dale Earnhardt, Jr. in NASCAR premier series wins.  (Photo by Andrew Coppley for Chevy Racing)
Jimmie Johnson, driver of the #48 Lowe`s Chevrolet SS, celebrates his victory with his wife, Chandra and daughters Genevieve and Lydia Sunday, February 28, 2016 in the NASCAR Sprint Cup Series race at Atlanta Motor Speedway in Hampton, Georgia. This was Johnson`s 76th career win, 5th in Atlanta. Hendrick Motorsports teammate Dale Earnhardt, Jr., driver of the #88 Nationwide Chevrolet SS, finished second. The victory ties Johnson with Dale Earnhardt, Jr. in NASCAR premier series wins. (Photo by Harold Hinson for Chevy Racing)
Jimmie Johnson, driver of the #48 Lowe`s Chevrolet SS, crosses the finish line for the victory Sunday, February 28, 2016 in the NASCAR Sprint Cup Series race at Atlanta Motor Speedway in Hampton, Georgia. This was Johnson`s 76th career win, 5th in Atlanta. Hendrick Motorsports teammate Dale Earnhardt, Jr., driver of the #88 Nationwide Chevrolet SS, finished second. The victory ties Johnson with Dale Earnhardt, Jr. in NASCAR premier series wins. (Photo by Alan Marler for Chevy Racing)
Dale Earnhardt Jr., driver of the #88 Nationwide Hendrick Motorsports Chevrolet SS drives to victory Thursday, February 18, 2016 winning the first of two NASCAR Sprint Cup Can-Am Duel races at Daytona International Speedway in Daytona Beach, Florida. This is Earnhardt Jr.`s second consecutive Duel victory. He will start on the inside of Row 2 for Sunday`s Daytona 500 race. (Photo by Rusty Jarrett for Chevy Racing)
Dale Earnhardt Jr., driver of the #88 Nationwide Chevrolet, poses in victory lane after winning the NASCAR Sprint Cup Series Can-Am Duels at Daytona International Speedway on February 18, 2016 in Daytona Beach, Florida.  (Photo Credit: Photo by Brian Lawdermilk/Getty Images)
Dale Earnhardt Jr., driver of the #88 Nationwide Chevrolet, leads the field during the NASCAR Sprint Cup Series Can-Am Duels at Daytona International Speedway on February 18, 2016 in Daytona Beach, Florida.  (Photo Credit: Photo by Patrick Smith/Getty Images)
Dale Earnhardt Jr., driver of the #88 Nationwide Chevrolet, takes the chequered flag to win the NASCAR Sprint Cup Series Can-Am Duel 1 at Daytona International Speedway on February 18, 2016 in Daytona Beach, Florida.  (Photo Credit: Photo by Sarah Crabill/NASCAR via Getty Images)
Dale Earnhardt, Jr., driver of the #88 Nationwide Chevrolet SS, races to victory Sunday, November 15, 2015 in the final round of the Eliminator 8 NASCAR Sprint Cup Chase race at Phoenix International Raceway in Avondale, Arizona. Defending Sprint Cup Champion Kevin Harvick, driver of the #4 Budweiser/Jimmy John’s Chevrolet SS advances to the Champion 4 with his second place finish. Harvick is joined with Martin Truex, Jr., driver of the #78 Furniture Row/Visser Precision Chevrolet SS and Jeff Gordon, driver of the #24 Pepsi Chevrolet SS to the Sprint Cup Series Championship 4 at Homestead-Miami Speedway in Homestead, Florida next Sunday. (Photo by Garry Eller/HHP for Chevy Racing)
Dale Earnhardt Jr., driver of the #88 Nationwide Chevrolet, and Kevin Harvick, driver of the #4 Budweiser/Jimmy John`s Chevrolet, lead the field onto pit road due to rain during the NASCAR Sprint Cup Series Quicken Loans Race for Heroes 500 at Phoenix International Raceway on November 15, 2015 in Avondale, Arizona.  (Photo Credit: Photo by Chris Trotman/Getty Images)
Dale Earnhardt Jr., driver of the #88 Nationwide Chevrolet, celebrates on pit road after winning the rain-shortened NASCAR Sprint Cup Series Quicken Loans Race for Heroes 500 at Phoenix International Raceway on November 15, 2015 in Avondale, Arizona.  (Photo Credit: Photo by Jonathan Ferrey/Getty Images)

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 - 2016 Crash Media Group

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