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F1 boss offered £35 million for London Grand Prix

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Formula 1 boss Bernie Ecclestone offered pay more than £35m to arena the world’s biggest motor racing grand prix in London, with the route taking in some of the capital’s most famous landmarks, including Buckingham Palace and Trafalgar Square.

F1 supreme Bernie Ecclestone currently expecting staging a race in London, and he was said prepared to cover the costs for the event.

The direction would eclipse that of the Monaco Grand Prix, taking in sights such as Nelson’s Column and Piccadilly Circus, the Times reports. Plans drawn up for the event, due to be reveal on Thursday night.Organizers estimate 120,000 spectators would flock to the showpiece event – making it the biggest race on the tour – and hope the money they would spend would more than cover Formula One’s investment.

F1 boss said the status of the event meant it would pay for itself. “With the way things are, maybe we would front it and put the money up for it. If we got the OK and everything was fine, I think we could do that,” he told the Times.

“Think what it would do for tourism. It would be fantastic, good for London, good for England – a lot better than the Olympics.”

Global design practice populous study has examined the feasibility of staging a London Grand Prix. Assistant principal John Rhodes told the Times the event would not cause major disruption, taking five days to set up equipment and three to dismantle it.,” he added.


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