News On F1 - Formula 1 News, Results, Information and Statistics

F1 News  F1 Schedule  F1 Line-up  Teams  Drivers  F1 Tickets  F1 Coverage
 

F1 News - Bahrain paid fee for cancelled 2011 race - Ecclestone - September, 2011

Sep.19 (GMM) Bahrain paid its race sanctioning fee for 2011 despite not hosting a grand prix this year.

Amid the island Kingdom's troubles earlier this year, Bernie Ecclestone revealed that he would not charge the government the reportedly more than $40 million fee.

"The fee that is normally being paid for the event is not being paid," the F1 chief executive said at the time. "I am not charging them for a race they are not getting."

But according to The Independent, Ecclestone said the fact Bahrain ultimately paid the 2011 fee means that the sport's revenue and profit will not reverse this year.

"I don't think turnover will be down this year. I think it will be flat because we were paid for Bahrain. I said we will give them the money back and they said don't bother," said the 80-year-old.

Bahrain is scheduled to return to the F1 calendar next late April.

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

If Bahrain does not come back, the diminutive Briton already has plans for F1's likely next destinations.

"After Russia I would like to go to South Africa and Mexico. Both countries are trying to do something," said Ecclestone. "Greece are also trying to do a formula one race."

On Greece's economic problems, he quipped: "The Germans will lend them some money".

Latest F1 News - Mobile version
26 Feb: New Ferrari not quickest in field - Domenicali
26 Feb: Red Bull still best in 2013 - Tost
26 Feb: 2014 French grand prix 'possible' - Prost
26 Feb: Danica Patrick 'not interested' in F1 switch
26 Feb: Report - Gilles Simon working on F1 engine for Honda
26 Feb: Gutierrez plays down link to Carlos Slim
26 Feb: Caterham exhaust 'legal' insists van der Garde
26 Feb: McLaren replaces Mercedes-bound Lowe
25 Feb: 'Engine maps' trouble for Red Bull, Lotus - report
25 Feb: Mercedes-bound Lowe to miss 2013 opener - report
25 Feb: Mercedes 'in group of teams' behind Red Bull - Lauda
25 Feb: Gutierrez expects Hulkenberg to beat him early in 2013
25 Feb: New Ferrari 'much better' than 2012 - Massa
25 Feb: Teams 'will adapt' to new tyre situation - Gutierrez
25 Feb: Tight rules make today's F1 cars 'the same' - Forghieri
25 Feb: Williams removes controversial exhaust trick
25 Feb: Contract 'conflicts' cause of Marussia test snub - Razia
25 Feb: Lotus to fight Red Bull for title - Gutierrez
25 Feb: Marussia 'ahead of Caterham' - Chilton
25 Feb: Sutil will not stay in F1 as test driver

The latest F1 News - Mobile Version

F1 News  F1 Schedule  F1 Line-up  Constructors' Championship  Drivers' Championship  F1 Tickets  Live F1 Coverage

Full Version: Formula 1 News  Formula 1 Schedule  Formula 1 Line-up  Constructors' Championship  Drivers' Championship  Live F1 Coverage  10 'n' Pole  F1 Regulations  The Forums  Motorsport Shop  F1 Merchandise  F1 Tickets  F1 Diecast  F1 Videos  F1 Games

Back To Top