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