You are hereHome CountriesNews
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: February 23, 2018
UAE. Offers cross-border property investments initially in Dubai, Mexico and Australia; Partners with Dubai-based Durise for cross-border sales of properties in Emirates.
date:Posted: February 22, 2018
UAE. Deloitte's report highlights the importance of greater private sector participation to improve the delivery of social services, including healthcare, education, transportation and utilities infrastructure.
date:Posted: February 22, 2018
UAE. McAfee, CSIS study finds ease of cybercrime growing as actors leverage black markets, digital currencies.
dhgate