Eurosport - Mon, 17 Nov 17:40:00 2008
Canadian officials blamed the "unreasonable demands" of Formula One supremo Bernie Ecclestone for the failure of attempts to save the country's grand prix.
Officials had hoped to persuade the Briton to reinstate the race in Montreal after it was axed from the calendar, leaving North America without a grand prix for the first time in 50 years.
Montreal mayor Gerald Tremblay, who said last month after meeting Ecclestone that he was hopeful a deal could be done, recognised that the talks had come to nothing.
"Despite our endeavours and those of the business community, the unreasonable demands of Formula One exceeded the taxpayer's ability to pay," Tremblay said.
The statement said Ecclestone had made a final contract offer on October 28 demanding that an eventual promoter puts up a government or bank guarantee of $175 million over the next five years.
It said no private promoter was willing to take on such a level of risk, considering the limited revenue generated by the event.
Quebec economic development minister Raymond Bachand said officials had worked hard in recent weeks to save the race "while staying fiscally responsible".
"We cannot meet Mr. Ecclestone's unworkable demands," he added. "Unless he eases his requirements and adopts a different approach, there will be no Grand Prix in Montreal in 2009."
Canadian public works minister Christian Paradis said the race was a loss for all Canadians but Ecclestone had made unrealistic demands.
"As I recently said; 'yes to a grand prix, but not at any price'," he added.
Canadian organisers denied last month that they had defaulted on payments owed to Ecclestone for past hosting rights, while recognising a 'commercial disagreement' over the 2008 race.
The decision to drop Canada, with the US Grand Prix at Indianapolis already cancelled this year, has dismayed Formula One teams by cutting off a prime market for their manufacturer owners and sponsors.
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stivsf1. really haven't got the hang of this have you. again a non committal reply. this time also incoherent
@ MGA [82] read post[36]it's commited to people like you and reflact good before rushing to print keep in mind that a fast cat will only produse blind kittins
The Canadians are not alone in "being unable to meet Bernie's terms....Silverstone...??
There is great concern that the new venue will cost far more money and time than the management team state......I wonder where Bernie gets these figures from....??
They appear to be unnatractive to many consortiums and "local authorities" everywhere.
How does Bernie get to be in such a position of power....time for F1 to come out of contractual obligations to any ONE person......the sponsors will be there...what is the point of Bernie...?? (or Max)..............?
Fi deserves better.....
stivsf1 yet another non committal post that contributes nothing to the discussion.
To the posters on this page that believe they are sure about the facts from A-TO-Z and all this without the least consideration for their limitations.
JEAN K post [52] says that Canada paid in cash [not me].
SALSA 747 post [66] says Canada remain over 20 millions behind with their payments [ not me].
Is Bernie Ecclestone greedy? Or is this what Bernie wants everybody to believe? So let's just ponder over some facts. He is worth 2.4 billion, so why would he make himself un-popular, just over a few million, he earns more than that in interest alone. He made this statement Saturday, I will never retire from F1, only to the grave,(a bit of a stupid statement really) he is 78 with one foot in the grave allready, so it must be the power? or he cannot retire, because, it might come to light, all his illegal activities, and he would be arrested, convicted in court of law, And die in prison, just a thought?
Blimey I'm on Salsa's side here.
Hey paul t man don't sit on the fence dude.
thats because stivsf1 is a bit of a prat
stivsf1 i do hope you are not offended by my next comments.having read your posts over a period of time,I've noticed you are always telling use that most of the people have no idea what there talking about.and yet you give no valid arguments, no technical information,and no reasoned responses to questions asked of you.
do you recall the BRINKS MAT robbery al Heathrow London Airport
they had the largest removal lorry available _BUT _ only had room to load £$53 - million ., !
they had to leave behind over $£ 100 million due to lack of space.,.,!
}{ NONE of which has ever been recovered}{ i.e. flown abroad within 24 hours ., !
Hi stiv
Are you really suggesting that an honourable Canadian local government authority
would hand over a lorry load of millions cash ., !
Have you any idea of the space occupied by so much cash --- } {[[ in paper bundles ., ? -}]}{
stiv/63
the style of payment you suggest is totally out of question ., for a famous local authority.,!
stivsf1 I'm intrigued as to your line of questions as to proof and source of alleged moneys owed.so ill ask you a question!do you have any proof to the contrary as to the alleged money owed.
Surely if the poison dwarf is english then he is also british.
And so what?
@ SALSA 747 [66] Thanks for the information but still it’s not enough you should state your source
Whats the difference where he's from.
Bernie is Not BRITISH - he is "English" !!! - He Is From ENGLAND
and for the book - It Looks Like Next Years -
so called "british" grand prix - WILL BE THE LAST !!!
Oh BERNIE - i bet you Feel Like a "grand PriX"
Hi F1 fans-
Has anyone made mention of the fact that since the tobacco advertising changes that new races have been added which countries do not ban the ads?
Basically, F1 is being exported to the third world where the tobacco industry is un-opposed.
Screw F1- who cares about F1 anyway?
Thank you.
Canada made an agreement to pay an agreed amount over several years to F 1
However they remain over $$20 million behind with their payments
Bernie trusted them because the local authority was heavily involved - darlings
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