Confirmation of the deal is expected in the coming weeks
By: GMM on April 3, 2014
LAT PHOTOGRAPHIC – Lengthy Seaside, as soon as a staple of the Formula A single calendar, has been featured in IndyCar in latest many years.
Formula One particular will have to wait for its return to iconic Prolonged Beach.
It emerged lately that F1 was interested in racing on the Californian streets, if the city opened up the bidding approach at the end of IndyCar’s present 2015 contract.
But the Prolonged Seaside Press-Telegraph now reviews that IndyCar’s contract will be extended through 2018, with confirmation due inside of weeks.
Even so, it also emerges that the bidding procedure will be opened up to include the likelihood of an F1 race in the long term.
“This is exactly what we needed,” IndyCar’s Prolonged Seaside race chief Jim Michaelian stated.
“They [the city] have every right to check out other options, but by the identical token, we have the certainty of conducting the event by way of 2018. That is important due to the fact we have lots of sponsorship agreements,” he added.
Chris Pook, F1’s Prolonged Seaside founder, welcomed the news.
“I’m not knocking the IndyCar race,” he stated, “but Formula One will bring the financial value the city enjoys.”
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