Francois Dumontier, promoter of the race, and the FOM have been talking for the past two years about a new contract that would cover a 10-year period from 2015 to 2024.
Despite all the work, a new contract has not been signed yet.
Dumontier openly talked about the affair yesterday during a speech he did in front of the members of the Chamber of commerce of Saint-Laurent-Mont-Royal.
"Sixty days before the 2014 Grand Prix, there is an urgency," Dumontier admitted.
"It is true, unfortunately, the sustainability of the Canadian grand prix is not yet assured."
He said negotiations with Bernie Ecclestone for a new 10-year contract are concluded. However, Dumontier still has to conclude the deal the various levels of federal, provincial and city governments who split up the costs of staging the race and upgrading the facilities.
He said he wants the deals to be secured before June's 2014 race in Montreal. "Following the grand prix in June, the rights of my business to the race will be non-existent," Dumontier warned. "We must act now."
Political instability seriously delayed the talks. During the past 18 months, there have been two provincial elections (and two governments) and the city of Montreal had four different mayors…
|Start of the 2012 Canadian Grand Prix. (Photo: WRi2)|