The Belgian Grand Prix, axed from this year’s Formula One calendar, will definitely return to the historic Spa-Francorchamps circuit in 2007, it was confirmed Wednesday.
The classic race’s comeback was assured after the signing of a contract between Formula One Supremo Bernie Ecclestone and the race’s new management team, the local regional government announced.
It is due to be staged on September 16 by the Spa-Grand Prix company which succeeded DDF1, whose bankruptcy led to the cancelling of this season’s race. Ecclestone gave his go-ahead after Spa-Grand Prix agreed to carry out major renovation to improve the track’s infrastructure at an estimated cost of 40 million euros.
As to the Belgian GP’s future after 2007 there are three options on the table.
The first sees Spa-Grand Prix remain as organisers for 2008. The second involves the regional government severing Belgium’s links with F1 altogether and paying Ecclestone 18m euros in compensation. The third scenario hands Ecclestone full control for the 2008, 2009 and 2010 editions and receiving 18million pounds in compensation.
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