MONTREAL Bell has reached an agreement to acquire the promoter of the Formula 1 Canadian Grand Prix, a deal it says will bring financial stability to the race. Financial terms of the agreement to acquire Octane Racing Group were not immediately available.
The Canadian Grand Prix was cancelled for a second consecutive year earlier this week due to health measures related to COVID-19, but officials announced that the contract for the Montreal event has been extended for two years. The extension ensures the race will be held in Montreal until 2031. Bell, the parent company of CTV, says it will ensure that tickets sold for the 2020 race will be valid for the 2022 edition, or refunded if ticket holders prefer.
Sidhartha Banerjee
Cyclists ride the track at the Circuit Gilles Villeneuve Wednesday, April 28, 2021 in Montreal. The 2021 edition of the Canadian Grand Prix has been cancelled for a second consecutive year due to public health concerns during the COVID-19 pandemic. THE CANADIAN PRESS/Paul Chiasson April 28, 2021 - 11:36 AM
MONTREAL - The Canadian Grand Prix was cancelled for the second year in a row due to COVID-19 health measures on Wednesday, but officials announced that a contract to hold the race in Montreal has been extended by two years.
The Formula One race was scheduled to take place June 13 at Circuit Gilles Villeneuve.
The event was also cancelled last year because of the novel coronavirus. It was done jointly, we obviously were attentive to public health in Montreal, who expressed some concerns, same thing with public health in Quebec and Canada, Economy Minister Pierre Fitzgibbon told a virtual news conference on Wednesday. So we decided as a government it was the best decision to be taken, to cancel the Formula One race.
On Wednesday, F1 officials announced the Montreal race would be replaced by one in Istanbul, Turkey. They cited the ongoing travel restrictions in Canada which require a mandatory 14-day quarantine that would be impossible to meet.
Canadian Grand Prix cancelled again
The 2021 Canadian Grand Prix has been cancelled due to health measures put in place to combat the spread of COVID-19.
The Canadian Press Canadian Grand Prix , The Canadian Press
MONTREAL The Canadian Grand Prix was cancelled for the second year in a row due to COVID-19 health measures on Wednesday, but officials announced that a contract to hold the race in Montreal has been extended by two years.
The Formula One race was scheduled to take place June 13 at Circuit Gilles Villeneuve.
The event was also cancelled last year because of the novel coronavirus. It was done jointly, we obviously were attentive to public health in Montreal, who expressed some concerns, same thing with public health in Quebec and Canada, Economy Minister Pierre Fitzgibbon told a virtual news conference on Wednesday. So we decided as a government it was the best decision to be taken, to cancel the Formula One race.