News Details
Russian Grand Prix company declared bankrupt
A company involved in organising the Russian Grand Prix has been declared bankrupt, but the race itself appears not to be threatened at this stage. Media outlets including the Spanish agency EFE said Formula Sochi, owned by the government, was declared bankrupt on Monday in a Russian court. With the key backing of president Vladimir Putin, Russia held its first modern world championship race last October, and is scheduled to host the second edition at the Sochi Autodrom later this year. Formula Sochi's troubles actually date back to 2013, when we reported that the indebted race organiser would be liquidated by authorities. We also reported that the bigger company, promoter and circuit...
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9y ago from GrandPrix247.com
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