Sep.14 (GMM) The path is now clear for the Canadian grand prix to return to the formula one calendar, the promoters of the Montreal event announced in a media statement on Monday.
Grand Prix F1 du Canada Inc president Normand Legault said a "commercial dispute" with Bernie Ecclestone has been settled, and an "announcement is forthcoming" about the return of the race in 2010."I never doubted that the Canadian race would regain its rightful place on the FIA schedule, and my discussions with F1 management led me to believe that the event would return soon," he said.The race at the Circuit Gilles Villeneuve was not held in 2009, to the chagrin of F1's teams, manufacturers, sponsors and fans.Legault also announced on Monday that he is not planning to stay on as the race's local promoter due to the "economic model currently prevailing in formula one".