An Extra $6 Million

With only 2 months to go until the 2021 Canadian Grand Prix is scheduled to take place in Montreal, the owners of Formula 1, Liberty Media, are demanding answers about the event…and more.

Under current health restrictions, the Canadian Grand Prix could theoretically run as planned on June 13th, 2021, but without race fans in the stands. According to a report in Montreal newspaper La Presse, Formula 1 is demanding an additional $6 million to cover the losses of local promoter Octane Racing Group should the race go on without an audience. The $6 million would cover revenue usually generated at the box office.

Octane Racing Groups has received criticism in the media, including by the CBC and the Globe and Mail, for not yet issuing refunds to some 2020 Canadian Grand Prix ticket holders…nine months after last year’s race was cancelled.

Francois Dumontier, president of Octane Racing Group, is also the boss of Canada’s national motorsport authority as delegated by the FIA the Groupe de Development Sportif

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