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Russian GP organisers respond to bankruptcy reports
Russian Grand Prix organisers have responded to claims the company promoting the event has filed for bankruptcy, therefore putting the race in jeopardy. Reports emerged in Russian media and then picked up by European publications, claiming "Formula Sochi" has been declared bankrupt. Whilst that is true, promotional rights for the race were handed over to "Center Omega" last year. Therefore the Russian Grand Prix, which runs until at least 2020, isn't under threat according to Center Omega, which clarified the reports on Monday. "In August of 2014, Formula Sochi was liquidated in accordance with the instruction of the head of administration of the...
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8y ago from GrandPrixTimes.com
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