Future of Canada Grand Prix still hangs in balance

Gilles Villeneuve circuit mainstraight

Quebec premier Pauline Marois met with F1 chief executive Bernie Ecclestone on Sunday and vowed to work hard to safeguard the future of the Canadian grand prix.

Reports have indicated the historic race at the Circuit Gilles Villeneuve, on Montreal's Ile Notre Dame, could be in doubt beyond 2014 due to the lack of a tripartite funding agreement between the various levels of government.

But Marois was quoted by Canadian Press news agency after her brief meeting with Ecclestone: "I said to him 'We have to conclude a win-win agreement'. I think he agrees with me."

It has been reported the race requires additional funding for a new contract due to Ecclestone's demands for the ageing circuit facilities to be updated.

"I remain optimistic," promoter Francois Dumontier said. "Negotiations are moving forward between all parties and the tone is favourable."

Ecclestone, however, indicated during an interview with Radio-Canada that he is prepared to play hardball.

"I like Montreal but as far as the race is concerned it's not desperate, it's not the only race in the world," he said.

See more Canadian Grand Prix F1 Race information.

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