Money Effecting F-1 Races

By: Associated Press
By: Associated Press

Wednesday Oct. 15, 2008
PARIS (AP) -- The 2009 French Grand Prix has been canceled
because the cash-strapped French Motorsport Federation withdrew its
backing of the Formula One race.

FFSA's board of directors said it didn't want to risk a
financial loss by holding the race next year, but will try the
resurrect the world's oldest grand prix in 2010.

F1 boss Bernie Ecclestone declared in May that this year's
French GP would be the last to be run at the remote and unpopular
Magny-Cours circuit, but the event was retained in the 2009 F1
calendar released last week. With the Canadian Grand Prix dropped,
that leaves only 17 races on next year's schedule.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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