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Spa gets permission to extend contract through 2018
The Belgian Grand Prix looks set to remain on the Formula 1 calendar through to 2018 after the local government gave race organisers permission to seek a contract extension with FOM. Walloon economy minister Jean-Claude Marcourt has agreed to continue supporting the event financially until 2018, despite it making a €7 million (£5.5m, $8.2m) loss last year, citing the positive impact it has on the economy as a justifiable reason. "There will be a grand prix in 2015, 2016, 2017 and 2018," he said during a session in the Walloon Parliament this week. Marcourt added that the FIA or FOM's Bernie Ecclestone hadn't asked for any investment to be made to the circuit's...
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10y ago from TheF1Times.com
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