Canada rescue confirmed

The Canadian Grand Prix has secured the funding necessary to keep its place on the 2004 Formula 1 calendar. The news was confirmed yesterday by race promoter Normand Legault.

Canada rescue confirmed

The Montreal-based event was in doubt because of new anti-tobacco legislation, which necessitated the race organisers to provide compensation to the F1 teams to run without cigarette branding.

"We are happy to have reached such a conclusion when, in August, we estimated our chances to have Formula One with us again to be rather slim," said Legault.

Teams will receive 30 million US Dollars of compensation for running without tobacco logos at next year's race. The money will largely be provided by Legault's own company and by Bernie Ecclestone himself, although there is further support from Labatt breweries and both the provincial and federal governments.



"A lot of people thought I was ready to throw in the towel and that I didn't believe in eventually being able to keep the event on the calendar," added Legault. "Those people didn't know me very well. These last three months have been particularly terrible.

"But all through this adventure, if you can call it that, I kept in mind the importance of keeping this event in Montreal, conscious of what it means to the community."

shares
comments
Canada Promoters Find Financial Solution

Previous article

Canada Promoters Find Financial Solution

Next article

Webber Pledges Future to Jaguar

Webber Pledges Future to Jaguar
Load comments
How Lotus F1 uncovered, then squandered its last ‘unfair advantage’ Plus

How Lotus F1 uncovered, then squandered its last ‘unfair advantage’

Cast in the mould of its founder Colin Chapman, Lotus was powerful and daring but 
flawed – as it proved through further soaring peaks and painful troughs into the 1980s. DAMIEN SMITH examines a game-changing era

The core problems Yas Marina’s long-awaited tweaks won't address Plus

The core problems Yas Marina’s long-awaited tweaks won't address

OPINION: Changes to the layout of Abu Dhabi’s circuit aim to reverse the trend of insipid Formula 1 races there - the promoter has even described one of the new corners as “iconic”. And that, argues STUART CODLING, is one of this venue’s abiding failings

Formula 1
Jul 26, 2021
How Ferrari offered Britain's next F1 prospect what Red Bull couldn't Plus

How Ferrari offered Britain's next F1 prospect what Red Bull couldn't

Last year's Formula 2 runner-up Callum Ilott could be on his way to becoming the first Briton to contest a grand prix in an Alfa Romeo since Reg Parnell in 1950. But, says OLEG KARPOV, the Ferrari Driver Academy protege is having to temper his ambition at the moment – outwardly at least…

Formula 1
Jul 25, 2021
The signs that point to F1's rude health Plus

The signs that point to F1's rude health

OPINION: Formula 1's calendar might still be facing disruption as the pandemic affects travel but, says MARK GALLAGHER, the business itself is fundamentally strong thanks to the epic rivalry taking place on track and the consistent arrival of new sponsors

Formula 1
Jul 24, 2021
The unexpected benefit of F1’s sprint race repeat Plus

The unexpected benefit of F1’s sprint race repeat

OPINION: Formula 1's sprint race trial at Silverstone drew mixed feedback on Saturday, but there remained the true test of how it would impact Sunday's Grand Prix. While fans were busy marvelling at Fernando Alonso's progress, a key lesson was being learned that would directly contribute to the dramatic lap one clash at Copse the following day

Formula 1
Jul 22, 2021
The off-track considerations that led to F1’s Hamilton/Verstappen Silverstone shunt Plus

The off-track considerations that led to F1’s Hamilton/Verstappen Silverstone shunt

OPINION: Formula 1’s 2021 title fight turned ugly last weekend when Max Verstappen and Lewis Hamilton collided at the start of the British Grand Prix. Verstappen thankfully walked away unharmed, but this had been a clash long-since coming

Formula 1
Jul 21, 2021
Will 2022's all-new cars look like F1's concept model? Plus

Will 2022's all-new cars look like F1's concept model?

Formula 1 provided its clearest example yet of what the 2022 cars are set to look like when it presented a full-scale concept to the world during the build-up to last weekend’s British Grand Prix. Underneath the special shiny livery was a design that hinted at the future, but teams will be digging into key areas that may reap differing results

Formula 1
Jul 20, 2021
British Grand Prix Driver Ratings Plus

British Grand Prix Driver Ratings

The 2021 British Grand Prix will live long in the memory for the dramatic clash between Formula 1's two title protagonists, which opened the door for other drivers to capitalise. One did so in spectacular fashion, while others fluffed their lines

Formula 1
Jul 19, 2021