“We need a bit of support from the teams to get it done” – Ecclestone
Tag Archive: The Times
Bernie Ecclestone agreed to reduce the race fee as he extended Korea’s grand prix contract through 2016, the AFP news agency reports.
F1′s annual trip since 2010 to Mokpo is among the most controversial and least popular on the calendar, but promoter Park Won-Hwa said on Friday a new contract has been signed. “We had to renegotiate with Mr Ecclestone and brought a few ideas and persuaded him that Korea cannot continue the event with such a big financial loss,” he said.
Korea, among F1′s new breed of grands prix, is far from the most popular stop on the sport’s annual calendar.
Well-known British F1 photographer Darren Heath tweeted from the metropolis Seoul: “Fantastic 3 days. Early train to Mokpo tomorrow. “(It’s) like being in London then heading to Shetland for an F1 GP. Mad,” he concluded.
Valencia will not be on next year’s F1 calendar, Bernie Ecclestone said on Saturday.
He confirmed that, starting in 2013, an annually alternating deal between the Spanish port city and Barcelona will begin. Barcelona, the scene of this weekend’s Spanish grand prix, will host the race in 2013, before Valencia returns to the schedule in 2014, the F1 chief executive told Reuters.
F1 needs to resolve its dispute with Mercedes before the sport’s multi-billion dollar floatation plans can go ahead.
That is the warning of the German team’s chief executive Nick Fry, as Mercedes refuses to sign up to the new Concorde Agreement because rival top teams Ferrari, McLaren and Red Bull have been offered better deals.