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.
News from Formula One in the Formation Lap.
Showing posts with label Canadian. Show all posts
Showing posts with label Canadian. Show all posts
Monday, 30 November 2009
Saturday, 28 November 2009
Canadian GP secures new deal
The Canadian Grand Prix's return to the Formula 1 calendar in 2010 is now official, after the government stepped in to help secure a five-year deal for the race.
Following months of uncertainty about the fate of the event, which was dropped for this season after a deal could not be reached with Bernie Ecclestone, the Montreal race's return was confirmed at a press conference in the Canadian city on Friday afternoon.
The deal to secure the race's place on the calendar has been helped by the governments of Canada and Quebec, Montreal and Tourisme Montreal - who together have helped put together an £8.5 million annual investment plan for the next five years.
In return for the money, Montreal and its partners will receive 30 per cent of the profits from ticket sales for the grand prix - which will take place on June 13 next year.
Montreal's mayor Gerald Tremblay was delighted at the news - which will see F1 return to the North American continent next year after being absent for the first time in world championship history this season.
"The return of the Formula 1 to Montreal attests to our sustained efforts and determination," he explained.
"This win-win deal falls in line with the terms we set and the taxpayer's ability to pay and will create stability for the next five years.
"I am very pleased that our metropolis is bringing back this crucial stage in the Formula 1 series for fans from around the world and an outstanding opportunity in terms of the event's international reach."
Local government officials were adamant that their investment in the event made complete sense - because of the huge financial boost that the grand prix brings to Montreal.
Quebec minister of finance and minister responsible for the Montreal region, Raymond Bachand said: "For Quebec, this event by itself results in annual tax revenues of more than $10 million (£5.5 million), for a $4 million (£2.2 million) investment, minus revenues from ticket sales.
"All three levels of government have worked together tirelessly over the past few months to bring the grand prix back to Montreal, while acting in a financially responsible manner. With this agreement in hand, I am delighted that our efforts have finally succeeded."
Following months of uncertainty about the fate of the event, which was dropped for this season after a deal could not be reached with Bernie Ecclestone, the Montreal race's return was confirmed at a press conference in the Canadian city on Friday afternoon.
The deal to secure the race's place on the calendar has been helped by the governments of Canada and Quebec, Montreal and Tourisme Montreal - who together have helped put together an £8.5 million annual investment plan for the next five years.
In return for the money, Montreal and its partners will receive 30 per cent of the profits from ticket sales for the grand prix - which will take place on June 13 next year.
Montreal's mayor Gerald Tremblay was delighted at the news - which will see F1 return to the North American continent next year after being absent for the first time in world championship history this season.
"The return of the Formula 1 to Montreal attests to our sustained efforts and determination," he explained.
"This win-win deal falls in line with the terms we set and the taxpayer's ability to pay and will create stability for the next five years.
"I am very pleased that our metropolis is bringing back this crucial stage in the Formula 1 series for fans from around the world and an outstanding opportunity in terms of the event's international reach."
Local government officials were adamant that their investment in the event made complete sense - because of the huge financial boost that the grand prix brings to Montreal.
Quebec minister of finance and minister responsible for the Montreal region, Raymond Bachand said: "For Quebec, this event by itself results in annual tax revenues of more than $10 million (£5.5 million), for a $4 million (£2.2 million) investment, minus revenues from ticket sales.
"All three levels of government have worked together tirelessly over the past few months to bring the grand prix back to Montreal, while acting in a financially responsible manner. With this agreement in hand, I am delighted that our efforts have finally succeeded."
Subscribe to:
Posts (Atom)