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Bell to acquire the operations of Octane Racing Group and Montreal's Formula 1 Canadian Grand Prix | Lifestyles


Bell announced on Friday April 30 that it has agreed to acquire the operations of Montréal s Octane Racing Group Inc., promoter of the Formula 1 Canadian Grand Prix, the largest annual sports and tourism event in the country.
After the cancellation of the 2020 and 2021 Grand Prix events in Montréal due to COVID-19, Bell s investment brings the financial stability and enhanced investment needed to ensure the long-term growth of the Formula 1 Canadian Grand Prix. With the event now secured in Montréal through 2031, today s announcement unlocks a wide range of enhanced commercial opportunities for both Bell and F1.
Bell will ensure that tickets sold for the 2020 race are valid for the 2022 Canadian Grand Prix or ticket holders will be refunded if they prefer that option. A number of 2020 ticket holders had already chosen to transfer their tickets to the canceled 2021 event, and that option is now available to them for the 2022 race (tickets had not yet been sold for ....

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Bell to acquire the operations of Octane Racing Group, the Montréal-based Formula 1 Canadian Grand Prix promoter


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Investing in Canada s largest annual sports and tourism event and in Montréal s enduring legacy in international motorsports
Tickets already purchased will be valid for the 2022 Canadian Grand Prix or will be refunded by Bell
MONTRÉAL, April 30, 2021 /CNW Telbec/ - Bell today announced it has agreed to acquire the operations of Montréal s Octane Racing Group Inc., promoter of the Formula 1 Canadian Grand Prix, the largest annual sports and tourism event in the country.
After the cancellation of the 2020 and 2021 Grand Prix events in Montréal due to COVID-19, Bell s investment brings the financial stability and enhanced investment needed to ensure the long-term growth of the Formula 1 Canadian Grand Prix. With the event now secured in Montréal through 2031, today s announcement unlocks a wide range of enhanced commercial opportunities for both Bell and F1. ....

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Bell acquires Montreal Grand Prix promoter Octane

Bell said it will ensure that tickets sold for the 2020 race are valid for the 2022 Canadian Grand Prix. ....

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Bell buys Formula One Canadian Grand Prix promoter Octane Racing Group Inc. | iNFOnews


Bell buys Formula One Canadian Grand Prix promoter Octane Racing Group Inc.
Mercedes driver Lewis Hamilton of Great Britain crosses the finish line under the checkered flag to win the Canadian Grand Prix on June 12, 2016 in Montreal. THE CANADIAN PRESS/Paul Chiasson
April 30, 2021 - 5:23 AM
MONTREAL - Bell has signed a deal to buy the promoter of the Formula 1 Canadian Grand Prix in a move it says will bring financial stability to the race.
Financial terms of the agreement for Montreal s Octane Racing Group Inc. were not immediately available.
The Canadian Grand Prix was cancelled for the second year in a row earlier this week due to COVID-19 health measures, but officials also announced that a contract to hold the race in Montreal has been extended by two years. ....

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F1 fans fuming over lack of refunds for cancelled 2020 Canadian Grand Prix


The Globe and Mail
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Paul Chiasson/The Canadian Press
The company that stages the Canadian Grand Prix is refusing to explain why it has not yet issued refunds to some fans who purchased tickets to last year’s race, almost nine months after it was cancelled because of COVID-19.
Fans from the United States, Canada, Britain and elsewhere are fuming after Octane Racing Group Inc., the promoters of the Montreal F1 race, repeatedly failed to follow through on a promise to refund tickets, which can cost upward of $3,000 each. After the June, 2020, race was pulled from the F1 schedule, ticketholders were told refunds would be processed before the end of October, 2020. Since then, however, Octane has said only that “ ....

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