F1: Canada GP contract delay over upgrade cost ? Posted by: Admin on Feb 22, 2013 - 06:17 AM

F1: Canada GP contract delay over upgrade cost ? 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.

Also in Rumor:

• F1: Sutil, Bianchi shape up for Barcelona 'shootout' ?   (02/20/13)
• F1: New Ferrari Flawed ?   (02/19/13)
• F1: Mercedes Pursuing Test Driver ?   (02/19/13)
• F1: Formula 1 Going Public ?   (02/18/13)
• F1: Last Chance For Sutil ?   (02/18/13)
• F1: Parts recycler buys HRT assets ?   (02/14/13)
• F1: Mallya's Kingfisher Close To Collapse ?   (02/14/13)
• F1: Chinese Le Mans Team To Formula One ?   (02/13/13)
• F1: Kobayashi to test Ferrari sports car ?   (02/12/13)
• F1: New Role For Kovalainen At Caterham ?   (02/12/13)
• F1: Kovalainen To Pirelli ?   (02/11/13)
• F1: Narain Karthikeyan In At Force India ?   (02/10/13)
• F1: Next Red Bull Youngster For Toro Rosso ?   (02/07/13)
• F1: Webber's seat Up For Grabs ?   (02/06/13)
• F1: Ecclestone to pen $200m sponsor deal ?   (02/05/13)
• F1: Sauber Spy At Red Bull ?   (02/04/13)
• F1: Force India Second Seat Goes To ?   (02/04/13)
• F1: UBS Out Of Formula One ?   (02/01/13)
• F1: Life For Nurburgring & German Grand Prix ?   (01/31/13)
• F1: 'Scorpion' team could rise from HRT's ashes   (01/30/13)