July 12, 2007
Speedway drops Formula One race
Maybe not a big deal local interest wise. A big hit however financially for the city. Well, don't let the door hit you on your way out Bernie !By Steve Ballard
July 12, 2007
A stormy eight-year relationship between Indianapolis Motor Speedway and Formula One ended today with the announcement the international racing series would not return in 2008.
IMS chairman Tony George and F-1 boss Bernie Ecclestone could not reach an agreement on a sanctioning fee to continue the U.S. Grand Prix. George had set today as a deadline for a new contract.
Track spokesman Ron Green said both sides are leaving the door open for possible future events.
The relationship deteriorated dramatically after the 2005 race when only six cars competed because of safety concerns over Michelin tires.
The decision leaves the U.S. without an F-1 event and follows failed attempts at other venues, including Long Beach, Calif., Watkins Glen, N.Y., and Phoenix. Ecclestone has explored putting a race in Las Vegas but no agreement has been announced.
The Speedway's 2.6-mile road course won't go unused next year. MotoGP, the motorcycle equivalent of Formula One, is scheduled to visit in September 2008. Indy*Star.com
As a purist I'm mixed on having motorcycles on the Speedway, but revenue wise you do what you have to do.