"MONTREAL - Montreal has lost the Canadian Grand Prix. Montreal mayor Gerald Tremblay says despite their best efforts, the "unreasonable" demands of Formula One boss Bernie Ecclestone made the deal unworkable.
Tremblay says Ecclestone demanded a guarantee of $175-million over five years to stage the race in Montreal. The government offer was for $110-million over five years plus 75-percent of the first $10-million in profits and an additional 25-percent of any remaining profits.
Ecclestone turned down the government's offer...."
Tremblay says Ecclestone demanded a guarantee of $175-million over five years to stage the race in Montreal. The government offer was for $110-million over five years plus 75-percent of the first $10-million in profits and an additional 25-percent of any remaining profits.
Ecclestone turned down the government's offer...."
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