News Details
Canada GP promoter admits financial woes
The promoter of the popular Canadian grand prix has fallen behind in payments to suppliers, according to the Quebec newspaper La Presse. 'It's true. I confirm it,' said Francois Dumontier, the president and sole shareholder of the race promoter Octane Racing Group. Dumontier secured the future of the Montreal race, held at Circuit Gilles Villeneuve, in 2009, but a new 10-year-old contract through 2024 began last year. 'It was difficult this year despite a growth in ticket and corporate sales,' he admits. La Presse claims that, six months after the 2015 race, Octane still owes a six-digit sum to some key suppliers. 'This is not unusual nor the first time it has happened,' Dumontier insists....
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