From GMM

The fate of a possible government rescue package for the Canadian grand prix is expected to be announced this week.

Race and government officials travelled to London recently for talks with Bernie Ecclestone, who scratched Montreal's date on the 2009 calendar over a financial dispute.

But according to the Journal de Montreal newspaper, a decision about whether taxpayer money will be used in an effort to reinstate the race is due to be announced on Friday.

There is also a need for a new race promoter "from the private sector", Quebec minister Raymond Bachand explained last week.

It has been speculated that Cirque du Soleil founder Guy Laliberte could be a possible investor, as well as the NASCAR team owner George Gillett.


Photo Credit : WRI2