Canada GP rescue talks still taking place

Negotiations to revive the axed Canadian Grand Prix are still taking place, according to reports in the country. Normand Legault, the former promoter of the popular Montreal race at Circuit Gilles Villeneuve, told the national news agency CP...

Negotiations to revive the axed Canadian Grand Prix are still taking place, according to reports in the country.

Normand Legault, the former promoter of the popular Montreal race at Circuit Gilles Villeneuve, told the national news agency CP that there is a "good chance" the event will return in 2010.

The report said the city's mayor Gerald Tremblay has been consistently in talks with Bernie Ecclestone ever since the deal with the F1 chief executive broke down.

The negotiations also involve the local government, which is reportedly pledging $10 million over five years if the Canadian Grand Prix is restored.

The reports also said the Circuit Gilles Villeneuve would be a potential venue if major Formula One teams split with Ecclestone and the FIA and form their own alternate series.

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Series Formula 1
Drivers Gilles Villeneuve , Bernie Ecclestone