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F1 Russian GP hit back bankrupt promoter reports
The Russian grand prix has hit back at reports that its promoter is bankrupt. Early this week, a Russian court declared that the government-owned ‘Formula Sochi' company is bankrupt, even though a contract to host the race through 2020 is still in place. But race organisers have hit back, insisting that the actual promoter since 2013 is OJSC Center Omega. In a statement, the liquidation of Formula Sochi was confirmed, but Omega said it was not only in charge of the construction of Sochi Autodrom but also 'the race-staging contract'. 'It (Omega) also has had the personnel and the finances required,' Omega added. 'The preparations for the (2015) Russian GP are well under way,' the...
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9y ago from ThisIsF1.com
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