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Sunday, November 16, 2008

Canada throws in the towel

Montreal has given up its attempt to reinstate the Canadian Grand Prix on the 2009 schedule.

The two sides were unable to reach a financial arrangement to save the race, ITV reporting Bernie Ecclestone was asking for a guarantee of CND$175m over five years.

The government was only willing to go $110m.

“Despite our endeavours and those of the business community, the unreasonable demands of Formula 1 exceeded the taxpayer's ability to pay,” Montreal's mayor Gerald Tremblay said in a statement.

Quebec economic development minister Raymond Bachand made it clear where he places the blame for the loss of the race.

“We cannot meet Mr Ecclestone's unworkable demands. Unless he eases his requirements and adopts a different approach, there will be no Grand Prix in Montreal in 2009,” he said.

But if Mr. Bachand or anyone else is waiting for Ecclestone to give up the reins, it looks to be a long wait, with the Formula 1 ringmaster telling the Gulf News last week he has no plans to retire.

“Never, never, never,” he said, “The first day I won't be going into work is the day they will be lowering me into my grave. And that won't be for a long time to come. I feel as fit as a fiddle.”
Plus...

Lewis Hamilton may be Britain’s champion, but he’s not necessarily the champion of the British people, as Edward Gorman’s TimesOnline blog reveals.

Seems the people have spoken and Fernando is the best driver of the season, prompting Formula 1 Blog.com to ask, can Britain learn to love Hamilton? Don't miss the top stories of the day, subscribe to the SpeedRead Web newspaper now! -- Email SpeedRead -- Learn more about author C.D. Six

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