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Monday, November 24, 2008

China gets boost, France, not so much...

Chinese Formula One Grand Prix: Race

Officials are playing down speculation the Chinese Grand Prix may be dropped when its current contract runs out in 2010.

“I would say it's likely it will stay after 2010,” Leon Sun, of race organizer Juss Events, told Reuters. “Formula one has only been here for five years We think formula one is a very good product, a very good event for Shanghai city so at least from our company's point of view we want to continue promoting and building the event”

News emerged recently that organizers were assessing whether the race was economically viable, prompting Bernie Ecclestone to say he would want to find ways to help the event stay on the calendar, according to onestopstrategy.com.

But as the Chinese Grand Prix gets a boost, it seems it may be a few years before the French Grand Prix returns to the schedule.

Citing economic issues, the French motorsport federation withdrew its backing of the Magny-Cours race, leaving the country without a grand prix for 2009.

The event took another hit last week when Euro Disney and the Lagardere Sports group shelved a plan to move the race to the Val d'Europe circuit near Paris.

Ecclestone says the race will not return until the right location can be found.

“I've always thought it was the right spot for us, that it was the new location that suited the French Grand Prix,” Fox reports Ecclestone said. “I think it is quite sure (that there will be no race in 2010). We went to Magny-Cours for the wrong reasons, for political reasons. Let's try and avoid a repeat. What we want is to find for sure the right spot because the French GP has to be long-lasting.”
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