News On F1 - Formula 1 News, Results, Information and Statistics

Formula 1 Store
F1 Tickets, Tours, Gear
F1 Books
& Biographies

Formula 1 News - August, 2009
Cut-price deal for rescued Canada GP - report

F1 Merchandise
Main Page
Formula 1 News
2011 F1 Schedule
2011 F1 Line-up
F1 Teams
F1 Drivers
10 'n' Pole
Register - Submit
F1 Regulations
The Forums
Live F1 Coverage
Motorsport Shop
UK - USA
Motorsport Calendar

F1 Merchandise UK
F1 Merchandise USA

F1 Tours
F1 Tickets
F1 Diecast
F1 Videos
F1 Games
F1 Trivia
NewsOnF1 on Twitter
NewsOnF1 Blogs
MotoGP Tickets
Past Formula 1 Seasons
2010 F1 Results
2009 F1 Results
2008 F1 Results
2007 F1 Results
2006 F1 Results
2005 F1 Results
2004 F1 Results
2003 F1 Results

2002 F1 Results

2001 F1 Results

2000 F1 Results

1999 F1 Results

1998 F1 Results

1997 F1 Results
Links
Translate
Search
Contact Us
About
Archives
Your Say
Diagnosis & Prognosis
By the Heretic
Controversy Corner
The Real Race
By the Quali-flyer
F1 Testing
F1 Team Reports
8 'n' Pole
2010 World Cup
2006 World Cup


Aug.13 (GMM) The price-tag for taking formula one back to Canada has plummeted by $100m for a new five year deal, according to local reports.

Last year, negotiations with the Montreal race organisers ended when Bernie Ecclestone's demands for a $175m five-year agreement were turned down.

Now, after the F1 chief executive said talks are back on track to restore the Circuit Gilles Villeneuve round for 2010, the local Globe and Mail newspaper said the proposed new deal is for just $75m for five years.

The newspaper said Ecclestone's hand was forced due to the economic recession and teams' "desire to return to North America".

The Globe and Mail also said the 78-year-old was pressured by his bosses at CVC, the majority owners of F1's commercial rights, to keep carmakers including Renault and Toyota happy and committed to the sport.

"It seems CVC decided to appease them with a quick return to North America," said the report.

Discuss this topic on NewsOnF1 Forums

10 'n' Pole Competition - Register

Latest Formula 1 News Headlines
14 Apr: F1 should 'applaud' Pirelli 'risk' for 'show' - de la Rosa
14 Apr: Stuck tells Mercedes to design 'new chassis'
14 Apr: Happy Buemi pushes to keep Toro Rosso seat
14 Apr: McLaren lineup good for 'five more years' - Whitmarsh
14 Apr: Di Resta gets initial practice for first time in 2011
14 Apr: Reports say Sam Michael's Williams role in doubt
14 Apr: Andretti opposes 2013 rules, Todt visits Ferrari
14 Apr: Kovalainen not looking for Team Lotus switch
14 Apr: Red Bull step 'significant' for Shanghai - Marko
14 Apr: Chinese official calls Vettel 'Fernando Alonso'
14 Apr: F1 teams warned before Shanghai race
13 Apr: Ecclestone decides 3pm GP start on India visit
13 Apr: Bahrain steps up push for new 2011 GP date
13 Apr: Interlagos run-off to be ready for 2011 race
13 Apr: Sepang 'fascinating' not confusing - Coulthard
13 Apr: Virgin must speed up to stay ahead of HRT - Glock
13 Apr: Razia and Valsecchi to drive Lotus cars on Friday
13 Apr: Horner vows to get Webber back into 2011 fight
13 Apr: Montezemolo wants Alonso for PM, no job for Massa
13 Apr: Hulkenberg eyes 2012 Force India race seat

The latest Formula 1 News

Back to the main news page

Back To Top


 
F1 Tickets
2011 Chinese F1 GP
2011 Canadian F1 GP
2011 Spanish F1 GP
MotoGP Tickets
2011 Spanish MotoGP
2011 Catalunya MotoGP
2011 French MotoGP
more Motorsport Tours & Holidays

Official 2010 F1 Season Review

Autocourse 2010 Annual

F1 Merchandise US

F1 Merchandise UK

Formula 1 Yearbooks


Ayrton Senna

Past Formula 1 Drivers