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MONTREAL, Canada - As the Formula 1 world gathers for the 2014 Canadian GP the very future of the race remains in doubt.
Two months earlier race promoter Francois Dumontier said it was "urgent" that a new deal beyond 2014 be agreed before this year's GP at the Gilles Villeneuve circuit and that negotiations with Bernie Ecclestone for a new 10 -year contract were taking place.
There are still no signatures.
PENDING AGREEMENT
The French-language newspaper La Presse reports that all parties need to agree - Dumontier, Ecclestone and the various levels of government which help to pay for the race.
A spokesperson for Dominique Vien, Quebec's tourism minister, said: "Negotiations are going very well. The change of government has not had a negative impact. We will announce it when everybody is ready."
City mayor Denis Coderre added: "I'm keen to resolve the issue for the next 10 years. Things are going well and in time we'll make announcements but everybody is talking and things are progressing very well."
F1 chief executive Bernie Ecclestone is reported to want improvements to the ageing circuit and facilities and a four percent annual indexation of the new 10-year race fee.
Promoter Dumontier said on May 3: "All parties are continuing the discussions and I would like to think that an announcement will be made soon."
Stay with Wheels24 for the 2014 Canadian GP this weekend.
Two months earlier race promoter Francois Dumontier said it was "urgent" that a new deal beyond 2014 be agreed before this year's GP at the Gilles Villeneuve circuit and that negotiations with Bernie Ecclestone for a new 10 -year contract were taking place.
There are still no signatures.
PENDING AGREEMENT
The French-language newspaper La Presse reports that all parties need to agree - Dumontier, Ecclestone and the various levels of government which help to pay for the race.
A spokesperson for Dominique Vien, Quebec's tourism minister, said: "Negotiations are going very well. The change of government has not had a negative impact. We will announce it when everybody is ready."
City mayor Denis Coderre added: "I'm keen to resolve the issue for the next 10 years. Things are going well and in time we'll make announcements but everybody is talking and things are progressing very well."
F1 chief executive Bernie Ecclestone is reported to want improvements to the ageing circuit and facilities and a four percent annual indexation of the new 10-year race fee.
Promoter Dumontier said on May 3: "All parties are continuing the discussions and I would like to think that an announcement will be made soon."
Stay with Wheels24 for the 2014 Canadian GP this weekend.
