Clarification Note From Grand Prix F1 du Canada Regarding Allegations From Bernie Ecclestone

    MONTREAL, Oct. 19 /CNW Telbec/ - Contrary to allegations made by Bernie
Ecclestone regarding money owed by Grand Prix F1 du Canada for past hosting
rights, the organizers of the Canadian Round of the Formula 1 World
Championship would like to make clear that Mr. Ecclestone has received and
accepted the terms of payment that were fully agreed to for the 2006 and 2007
events. According to Paul Wilson, Vice-President Marketing Grand Prix du
Canada: "It is totally untrue to suggest that our organization has defaulted
on payments owed for the past three years."
    As reported this past week, Mr. Wilson continued: "It is true that we
have a commercial disagreement regarding our monetary obligations, but only
for 2008. This is the result of an historical difference within the
contractual understanding between the two parties. We were working hard to
resolved the matter in order to meet our 2008 obligations when Mr. Ecclestone,
without notice, surprised everyone by unilaterally dropping the Canadian Grand
Prix from the 2009 FIA schedule last October 7."
    "We believe that it is important to shed the light on this matter and to
clarify any allegations that could tarnish the reputation of our organization.
We do not accept that the integrity of the Grand Prix du Canada should be
called into question, when it is evident that the table is being set for new
negotiations with different levels of the Canadian government," concluded Mr.

For further information:

For further information: Sarah-Emilie Bouchard, HKDP, (514) 250-7595

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