• Nov 29, 2009
It's official, Formula 1 and Montreal are in love again. Bernie Ecclestone's supersonic price increases in 2008 drove the Canadian venue (and North America entirely) off the map in 2009. It was the first time in three decades that the F1 club didn't visit Circuit Gilles Villeneuve, and by the end of this summer, everyone was highly motivated to get it back.

When Ecclestone's original demand of $175 million Canadian ($165M U.S.) over five years became $75 million Canadian, ($71M U.S.), the Montreal, Quebec, and Canadian governments got together to split the cost three ways. When the government's commitment to spend such an amount on a sporting event was questioned, Quebec's minister of finance replied that the GP will cost Quebec $4 million but return $10 million to its coffers alone. On top of that, Ecclestone promised them 30% of ticket sales every year, which, for a hugely popular grand prix, should be a substantial number. Vive le Montreal GP and June 13, 2010! Thanks to everyone who submitted tips

[Source: F1 Live | Photo credit: Vinod Sankar via CC2.0]



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    • 1 Second Ago
  • 10 Comments
      • 5 Years Ago
      YEEEESSS !!!! WWOOOHOOOO

      Can't wait to go there !!! Best news in a long time :))
      • 5 Years Ago
      I am ready to be there. So excited.


      Autoblog fieldtrip.
      • 5 Years Ago
      Nice. Hope I don't see you there, Bernie.
      • 5 Years Ago
      ***starts looking for deals and making bookings for next yr***
      • 5 Years Ago
      Finally someone strong-armed Bernie! It's what it takes for him to realize he needs the traditional markets as much as they need him.
      • 5 Years Ago
      If I didn't have exams this year on the date of the Grand Prix, I would definitely be there. 2011 for me I guess :(
      • 5 Years Ago
      All Autoblog F1 fans going should get something going haha meet up and have a huge section of the stand would be awesome..but I'm already saving up my $$
      • 5 Years Ago
      Sweet! Montreal baby!
      • 5 Years Ago
      See you there! :)
      • 5 Years Ago
      Someone please hang Bernie by the balls; this greedy class A-hole is after personal gains more than the health of the F1 series.