Looks like Canada GP about wrapped up and for 5 years | FerrariChat
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Looks like Canada GP about wrapped up and for 5 years

Discussion in 'F1' started by jknight, Oct 22, 2009.

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  1. jknight

    jknight F1 Veteran

    Oct 30, 2004
    7,821
    Central Texas
    #1 jknight, Oct 22, 2009
    read this earlier this morning - good news for many...

    Carol

    f1 live

    Montreal daily La Presse reported on Wednesday that the fiscal issues standing in the way of the Canadian Grand Prix have been settled, thereby green-lighting an official announcement which may come this week.

    Bernie Ecclestone was demanding written guarantees that he would not have to pay local taxes on the public money granted to the event, since British taxes would also be paid. Canadian law provides for such amounts to be reimbursed once proof of tax payment in another country has been received. However, F1's chief executive had no interest in waiting several months before the cheque arrived.

    After fiscal lawyers spent weeks looking through different scenarios, the solution agreed upon will see the public monies transferred to the organisation which covers the islands including the Circuit Gilles-Villeneuve, and will in turn handle the tax payments to the municipal, provincial, and federal levels – leaving Ecclestone out of the tax paperwork.

    Before being dropped from the 2009 season, for three decades the Canadian round had been presented at the famous Circuit Gilles-Villeneuve to sell-out crowds, and its time slot on television made it one of the most-watched races across the globe.

    It is expected that the return of the Canadian Grand Prix will be confirmed this week by Montreal Mayor Gerald Tremblay, with the next edition taking place on 13 June 2010 as indicated on the provisional calendar released recently. The current deal will cover the next five years.

    The FIA subsequently announced that it is "shortly expecting confirmation from Formula One Management" regarding the Canadian race, and indicated that the final 2010 calendar "will be adopted at the December meeting of the WMSC (World Motor Sport Council)."
     
  2. The Palerider

    The Palerider Formula Junior

    Sep 11, 2008
    463
    Miami, Florida
    Full Name:
    Michael
    #2 The Palerider, Oct 22, 2009
    That is great news. I love going to that race (and the city) and missed it very much this year. Fingers crossed for that final announcement.
     
  3. tifosi12

    tifosi12 Four Time F1 World Champ
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    Andreas
    #3 tifosi12, Oct 22, 2009
    That's also great for all the folks who are going to the Istanbul GP, because it will now stay in its slot in the calendar.

    All the folks as in me, myself and I. See us on the grandstand...

    Hey Palerider: I need more cow bell!
     
  4. The Palerider

    The Palerider Formula Junior

    Sep 11, 2008
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    Michael
    #4 The Palerider, Oct 22, 2009
    I gotta fever and the only cure is more cow bell!

    Tifosi12, you lucky dog. Turkey should be great. Will 2010 be your visit to Istanbul?
     
  5. tifosi12

    tifosi12 Four Time F1 World Champ
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    #5 tifosi12, Oct 22, 2009
    Recently I visited Las Vegas and in one of the many memorabilia shops they had a shadow box frame dedicated to the "More cowbell" spoof. Loved it!

    How do you put your pants on in the morning?
    ;)

    Yes. It better be as this GP might get axed: The original contract expires after 2010 and given the low visitor turnout, Turkey might loose its GP after 2010.
     
  6. P1-EH

    P1-EH Formula Junior

    Sep 10, 2007
    416
    Waterloo, Ont.
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    Mark
    #6 P1-EH, Oct 22, 2009
    I went to the Turkish GP this year, because I too felt it was going to (and arguably needs to) get axed, and I really like the circuit. It's really too bad the Turks haven't embraced F1. We stayed in Istanbul and you'd never know there was an F1 race on. Montreal, it isn't.

    PM me if you have any questions. I have a few favourite spots for pix, and tips on where to get the F1 bus from Taksim if you're staying in Istanbul.

    I'm really looking forward to the announcement from Bernie and the FIA that Montreal is officially back on. I really missed that race this summer.

    Mark
     
  7. 4rePhill

    4rePhill F1 Veteran

    Oct 18, 2009
    8,269
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    Phill J
    #7 4rePhill, Oct 24, 2009
    Montreal should never have been dropped in the first place!.

    Great track, great racing and for you guys stateside, more often than not, your only chance to get to see an F1 race (and that can't be right either!).
     
  8. greyboxer

    greyboxer F1 World Champ

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    Jimmie
    #8 greyboxer, Nov 24, 2009
  9. greyboxer

    greyboxer F1 World Champ

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    #9 greyboxer, Nov 27, 2009
  10. tifosi12

    tifosi12 Four Time F1 World Champ
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    #10 tifosi12, Nov 27, 2009
  11. Wolfgang5150

    Wolfgang5150 F1 Rookie

    Oct 31, 2003
    4,706
    #11 Wolfgang5150, Nov 27, 2009
    It's interesting that Bernie dropped his demands by $100 million! (over 5 years); granted it was a classic case of negotiation, especially with the recent withdrawal of manufacturers; but that's the biggest monetary swing with a race that I remember Bernie doing in a long time....
     
  12. of2worlds

    of2worlds F1 World Champ
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    #12 of2worlds, Nov 27, 2009
    Does this mean they can now afford to pave the track properly?
    CH
     

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