The Korean Grand Prix’s organizers have warned that the loss-making event is under threat of cancellation unless Formula One Management Ltd. and Bernie Ecclestone give them a cheaper contract. Promoter Park Won-Hwa said the GP, held at Yeongam in rural South Jeolla, posted a “big financial loss” and was unpopular with the local community since joining the glitzy Formula One circuit last year. Park told Autosport magazine that South Korea was keen to keep its GP, but said the event’s future depended on whether Ecclestone would let them negotiate a new (presumably much cheaper) deal.
- Top Sixes
Since 1996 the work of just one F1 enthusiast, Formula One Art & Genius is a tribute to the passion, heroism, glory and tragedy that for seven decades have made Grand Prix motor racing the world's greatest stage for drivers, their machines and the people who admire both.
Live F1 Tweets
- ▶Top Sixes
2014 Russian Grand Prix:
Tag CloudMcLaren Williams Mercedes technology Silverstone shunts Canada Button photos Raikkonen champions History video Red Bull Senna 2011 Lotus art Suzuka 2014 Australia Ferrari Alonso Monza memories Clark 2012 Rosberg races qualifying USGP Spa FIA Melbourne Malaysia social media Schumacher circuits drivers Vettel testing legends Ecclestone sporting regs Webber Hamilton commercialism Monaco 2013 wet
- F1 safety heightened at Russian GP in wake of Jules Bianchi accident October 8, 2014
- Jules Bianchi crash may lead to enclosed F1 cockpits, says Williams October 8, 2014
- Jules Bianchi's accident was unfortunate, says Bernie Ecclestone video October 8, 2014
- Jean Todt says Michael Schumacher is 'fighting' in recovery October 7, 2014