Bahrain paid 2011 F1 race hosting fees

Sept.19 – Bahrain paid for its 2011 F1 grand prix race hosting fees, the season opening race called off due to political conflict. Bahrain’s annual race fee submitted to F1 boss Bernie Ecclestone equates to around £25 million.

“I don’t think turnover will be down this year,” Ecclestone told The Independent earlier this year.

“I think it will be flat because we were paid for Bahrain. I said we would give them the money back and they said don’t bother. I think the turnover and profit will be more or less the same as 2010.”

As a consequence of the clash, Bahrain next grand prix race has been placed on the end of the 2012 calendar in order to allow the Gulf State more time to make progress properly.

“I spoke to the Bahrainis yesterday and they said everything is going to be fine,” Ecclestone added. “I hope they are right for their sake, not ours.”

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