25 April 2024
Canada GP contract delay over upgrade cost
The original estimate of the renovation was $25 million
A new deal for the Canadian grand prix could be delayed, as organisers discover the renovation of the ageing Circuit Gilles Villeneuve will cost more than expected.
Bernie Ecclestone has said he is happy to ink a new long-term deal for the Montreal race, so long as the track is brought up to standard with some renovations.
La Presse newspaper reports that the original estimate of the renovation was $25 million, but a source ’very close’ to the discussions now reveals that the actual quote commissioned by the government has come back at $40 million.
The quote has reportedly forced a "reassessment", and the delay of a definitive deal with F1’s chief executive for now.
Search
Formula 1 news
25 April 2024
F1 CEO hits back at drivers’ schedule gripes
25 April 2024
Audi agrees three-year deal with Hulkenberg - report
25 April 2024
Blue livery and logo for Ferrari in 100m F1 deal
25 April 2024