Octane Racing Group Incorporated (Octane), of Montreal, is proud to announce that it has reached an agreement with Formula One Administration Limited and Formula One World Championship Limited (together, the F1 Commercial Rights Holder) to act as promoter of the FORMULA 1 GRAND PRIX DU CANADA as a round of the FIA Formula One World Championship in each of the years 2010 to 2014. The FORMULA 1 GRAND PRIX DU CANADA 2010 will take place on June 11-13 at Montreal’s Circuit Gilles Villeneuve.
“We are extremely proud and satisfied with the agreement reached last week with the F1 Commercial Rights Holder. I feel that both parties share an equal amount of trust and confidence that we will succeed with the return of Formula One to Montreal’s summer events calendar,” stated Francois Dumontier, President of Octane.
“Our intention is to maintain and enhance the tradition established in Montreal since 1978 by the previous promoters of the event. The FORMULA 1 GRAND PRIX DU CANADA has always been a world-class event and extremely popular among racing fans from Quebec, Canada and abroad. The fact that Circuit Gilles Villeneuve is quite challenging to the teams and the drivers, tends to produce a very exciting if not historically memorable event.”
Bernie Ecclestone, CEO of the Formula One group stated: “I am very satisfied with the agreement reached with Octane Racing Group to act as promoter of the FORMULA 1 GRAND PRIX DU CANADA. Francois Dumontier and his team have all the necessary knowledge to deliver a great event to the North American fans and make a success of the return to Montreal of the FIA Formula One World Championship.”
In recent months, Octane has established itself as the most experienced team in Canada in motorsport event promotions. Mr Dumontier has been involved at the highest level of the FORMULA 1 GRAND PRIX DU CANADA for much of the past 15 years and has gathered a team with a unique expertise to promote and organize such events.
Octane wishes to acknowledge the efforts of the Governments of Canada and Quebec, the City of Montreal and Tourisme-Montreal and thank Mr Ecclestone and the F1 Commercial Rights Holder for their confidence. “We especially see our agreement with the F1 Commercial Rights Holder as a great opportunity to demonstrate our capacity to be up to a great challenge, but also to help confirm the status of Montreal as one of the great venues for Formula One racing,” added Mr Dumontier.
Spectators who have attended previous Canadian Grands Prix in Montreal have witnessed an impressive record of five drivers taking their first F1 wins, starting with Gilles Villeneuve at the inaugural race in 1978, then in 1989 with Thierry Boutsen, 1995 with Jean Alesi, 2007 with Lewis Hamilton and finally in 2008 with Robert Kubica.
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