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Montreal ready to a new multi-year contract



Canadian Grand Prix close to new multi-year deal, F1 boss Bernie Ecclestone expecting new deal will approve after some Montreal some facilities are upgraded and also Montreal listed in Formula one calendar.

The latest reports provided that Montreal will positively be part of the 2013 and 2014 Formula 1 seasons and that a deal expand to 2024 is being drawn up – the only catch is that organisers will have to commit to a restore that could cost $20 million over a five-year era.

“We have agreed on the annual fee, which will soon be paid,” Ecclestone told Canada’s La Presse.

“That is not a problem. We just want the agreement for a rebuild. We are talking about an upgrade, but it doesn’t have to be another Abu Dhabi. If the Montreal facilities can compare to what they did at Silverstone, that would be good. Canada is an important country for us and we intend to keep going there.”

“I am a bit disappointed by the events going on there,” he continues. “I find it all a bit misplaced after what happened in Bahrain. Moreover, they (the Province of Quebec) has the lowest tuition fees in Canada and studying here in general is cheaper than in many other parts of the world.”

Montreal made its first appearance in 1978, with Gilles Villeneuve winning for Ferrari before the circuit took adapted his name following the tragic accident at Zolder in 1982.

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