As the F1 world gathers in Montreal, the future of the popular Canadian grand prix remains in doubt.<\/p>\n
Two months ago, race promoter Francois Dumontier said it was “urgent” that a new deal beyond 2014 be agreed before this year’s grand prix at the Circuit Gilles Villeneuve.<\/p>\n
He said negotiations with Bernie Ecclestone for a new ten-year contract are taking place, but there are “still no signatures”.<\/p>\n
According to the French-language newspaper La Presse, all parties need to agree, including Dumontier, Ecclestone and the various levels of government who help the fund the race.<\/p>\n
“Negotiations are going very well,” said a spokesperson for Dominique Vien, the new tourism minister of Quebec.<\/p>\n
“The change of government has not had a negative impact.\u00a0 We will announce it when everyone is ready.”<\/p>\n
Denis Coderre, the mayor of Montreal, also commented: “I am keen to resolve the issue for the next ten years.\u00a0 Things are going well.<\/p>\n
“In time, we’ll make announcements,” he said.\u00a0 “But everyone is talking and things are progressing very well.\u00a0 We must let time take its course.”<\/p>\n
It is reported that F1 chief executive Ecclestone is demanding improvements to the ageing circuit and facilities, and a mandatory 4 per cent annual indexation of the new 10-year race fee.<\/p>\n
Promoter Dumontier said on Tuesday: “All parties are continuing the discussions and I would like to think that an announcement will be made soon.”<\/p>\n
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