Copenhagen scraps plans to host Formula One race

Wednesday, 26 September 2018 at 16:59

Denmark has scrapped plans to host a Formula One race in its capital Copenhagen, Finance Minister Kristian Jensen said on Friday.

The decision to halt plans to host a race around the streets of inner Copenhagen in 2020 came after lack of support from the city authorities.

Jensen said, "We cannot participate in the planning of a project that carries so much risk. I had been open to it but I realised there was the expectation of a very large public contribution."

“The government [was] prepared to put some money into the hosting of Formula 1 in Denmark, but we don't think it's reasonable that the city where such a large event is to take place does not also contribute economically."

The idea of a Copenhagen Grand Prix was proposed in July 2016 by a consortium led by Danish business mogul Lars Seier Christensen.

Kevin Magnussen is Denmark's representative on the grid with Haas.

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