Ecclestone seeks investors for Canadian Grand Prix

Aerial view over the Circuit Ile Notre Dame, situated on a man-made island in the centre of the St. Lawrence River in Montreal.Montreal, Canada, 2002.DIGITAL IMAGE

Bernie Ecclestone is getting involved in finding new investors for Montreal’s Canadian grand prix, according to a report in La Presse newspaper.

The report said the F1 supremo has been in talks with Quebec business people amid claims current promoter Francois Dumontier is struggling to pay suppliers on time.

“This is not new,” argues Dumontier, the head of the current promoter of the race at Circuit Gilles Villeneuve, Octagon Racing Group.

He said he is “comfortable” that Ecclestone has been in touch with potential investors.

“To the extent that I said I was looking for a partner, if Mr Ecclestone meets someone and it could work between us, I have no real problems with that,” added Dumontier.

“FOM and I have a valid contract until 2024, and as far as I know, we both intend to respect it,” he said.