Canada chasing long-term contract

Canada chasing long-term contract


Canadian Grand Prix promoter Francois Dumontier has revealed that he is eager to sign a long-term contract with Bernie Ecclestone.getpreview.aspx(7)

The Montreal circuit’s current contract runs out at the end of 2014 but talks are already underway to secure the races future.

Dumontier recently met with F1 boss Bernie Ecclestone and Quebec Premier Pauline Marois to discuss the new deal. He told ESPN: “We are presently discussing an extension from 2015 to 2024, so ten years,”

“That is the longest agreement that has ever been proposed to us. We had five years with options before.

“All new agreements now being signed are for ten years … Ten years allows us to think long-term, to think about improvements that can be brought to the circuit, about investments, etc. We are happy to work in this regard.”

Pressed as to whether Ecclestone is up for extending their contract, he said: “There are several reasons, but I believe they want to consolidate the good grands prix.

“Montreal is such a race, undoubtedly. We saw as much with the full grandstands and the comments made by the drivers and teams. F1 has a project to enter the stock market. Ten-year contacts have a certain value when entering the stock market.”

The Circuit Gilles Villeneuve is a driver favourite for its close walls and challenging corners along with the enthusiastic Canadian fans and the hustle and bustle of Montreal.

Image courtesy of Sahara Force India F1 Team