Formula 1 news

Belgian Grand Prix promoter in trouble

The promoter of the Belgian Grand Prix, DDGP, is close to being declared bankrupt. The company has a contract to promote the F1 race at Spa-Francorchamps until 2010 and the race could be at risk if it goes under.

DDGP has been struggling over the past two years as ticket sales for the race did not meet expectations. The company is now in debt to the tune of 10 million Euros.

On Friday the Walloon government of Belgium will meet to deliberate the future of the Belgian Grand Prix. DDGP confirmed the problems to F1Racing.net but was unable to go into detail. "We can not say anything about it currently and we do not know what the consequences could be for the Belgian Grand Prix," a spokesperson told F1Racing.net

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