Rumours have been circulating for some time now that the European races in particular may be feeling the financial pinch and I guess this proves it.
The French Motorsport Federation (FFSA) has announced that they will not hold a French GP in 2009 because of economic problems. Given the current financial climate they do not believe that they’ll be able to run a profitable event. In recent years the group has struggled with the annual 10% increase in fees it has needed to pay the Formula One Group. The Magny Cours race has been under fire for some time from drivers, teams and most importantly Bernie. It was surprising that they managed to hold on for this long. The FFSA have been reviewing applications for the 2010 French GP which will be hosted somewhere more ‘exotic’ and promoted by a new group. The FFSA will no longer be promoter but will remain the sanctioning body.
That leaves 17 races on the calendar for 2009… unless the Formula One Group can work something out.
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