Formula One boss Ecclestone backs London GP
Source: BI-ME with AFP , Author: Posted by BI-ME staff
Posted: Thu June 28, 2012 11:45 am

INTERNATIONAL. Formula One boss Bernie Ecclestone has offered to stump up £35 million (US$54.5 million) to stage a grand prix around London's famous streets, according to the Times.

The 3.2 mile (5.1 km) route will be unveiled when the full plan is presented later Thursday, but it would take in landmarks including Buckingham Palace and Trafalgar Square, the report said on Thursday.

Organisers estimate 120,000 spectators would flock to the showpiece event -- making it the biggest race on the tour -- and hope the money they would spend would more than cover Formula One's investment.

"Think what it would do for tourism," Ecclestone told the paper.

"It would be fantastic, good for London, good for England -- a lot better than the Olympics," he added.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: December 2, 2016
INTERNATIONAL. Next-generation CFOs need greater focus on leadership and team-building skills to succeed.
date:Posted: December 2, 2016
INTERNATIONAL. But implementation risks remain, including OPEC's adherence to the agreement and the willingness of other participants, notably Russia, to co-operate fully.
date:Posted: December 1, 2016
INTERNATIONAL. Sector convergence and advances in technology and digitalization are altering the telecommunications landscape, according to EY's 15th biannual Telecommunications Global Capital Confidence Barometer (CCB).
dhgate