Despite persistent speculation that the event is in trouble - after just one year - Bernie Ecclestone insists the Russian Grand Prix is secure (unlike Monza!) and could even become another night race. In June, the promoter of the event, Omega, which is owned by the Krasnodar Krai region, issued a statement in response to claims in the Russian media that Formula Sochi was bankrupt. As speculation continued, some sources claiming the local government would not provide funding, acting governor Veniamin Kondratiev told Motorsport.com: 'There is an agreement with the Minister of Finances that we will get a loan from the State budget. However, he then added: 'Speaking about the loan, if there...
Full Story »