Back from a brief hiatus and ready to roll! Let's kick it off with an AP report that the International Olympic Committee might look to push back the date of the first Formula 1 race that was to be held in Sochi. Back in October, and already in the midst of what is probably the most ambitious building project going on in Europe (though I can't wait to see what Qatar looks like in a few years), F1 head Bernie Ecclestone signed a six-year contract with Russian officials to hold a yearly Grand Prix race in the Black Sea resort. Now, despite the fact that IOC officials say that 70% of the Olympic venues will be completed by the end of 2011, apparently there is a clause in the contract that allows the IOC to postpone the first scheduled race, which is to be held in 2014. It is worth noting that Voice of Russia has recently reported that the IOC has said nothing of the sort.
Despite some extensive research on my part (read: Google), I'm still not sure exactly what the hold up will be. With more than $30 billion US already committed to creating an Olympic paradise from essentially scratch, how much more trouble could putting together an F1 track could be?
No comments:
Post a Comment