The City of Cape Town has put the brakes on the idea of hosting a F1 grand prix due to the "huge" financial costs. Earlier this week Bernie Ecclestone singled out Cape Town as a city that he would like to see on the Formula One calendar. "If I had the choice I would like to go back to South Africa," the F1 supremo told City A.M. "I want to be in Cape Town. I have been offered Durban but I think we would be better off in Cape Town." Cape Town officials, though, have ruled out the idea. "We are not in favour of it because of the huge cost implications to the city," tourism, events and marketing director Anton Groenewald told the Cape Times. The city,...
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