Spa and Ecclestone
Spa Francorchamps' embattled spot on the Formula One calendar is now nearly secured, according to reports in Belgium. Walloon Newspaper 'La Libre Belgique' claims that a new three-year contract with Bernie Ecclestone will be penned, after the existing race promoter ran into financial trouble.
The bankruptcy could have meant millions in fines, if staging the race proved too expensive for the regional Wallonian government.
As well as the shorter duration, the new deal will involve about $18m in renovations to the historic circuit, courtesy of the regional government, as well as several million more to stage the Grand Prix.
Ecclestone is slated to meet again with Wallonian officials in London.
