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Thread: No Grand Prix

  1. #1

    No Grand Prix

    It is sure now. There will be no grand prinx next year in montreal. A big economical loss to escort agencies and MPs.

  2. #2
    the stripclub or the car racing event?

  3. #3
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    Here's the story from Bloomberg:


    Aug. 7 (Bloomberg) -- Formula One's ruling body dropped the
    Canadian Grand Prix from next season's race calendar because of a
    government ban on tobacco advertising.
    Bernie Ecclestone, who jointly owns F-1's commercial rights,
    sent organizers of the Montreal race a letter informing them of
    the decision, promoter Normand Legault said at a news conference
    televised in Canada. The decision can't be appealed.
    Canadian regulations that prohibit sponsorship of sports
    events by tobacco companies take effect Oct. 1. F-1 is
    challenging the European Commission's decision to introduce
    a similar ban beginning in August 2005.
    Five of the sport's 10 teams are backed by tobacco companies
    including Philip Morris Inc. and British American Tobacco Plc.
    The ban would affect those already coping with a sponsorship
    downturn.
    ``It's not a surprise, but I'm not throwing in the towel
    right away,'' Legault said. ``If it's not (held) in 2004, maybe
    it'll be in 2005.''
    Uncertainty over the future of the event, which draws crowds
    of more than 300,000 over the weekend, will hamper efforts to
    replace Air Canada as race sponsor, Legault said. Air Canada's
    agreement expired after this year's edition, which took place
    June 15. World champion Michael Schumacher won at the Circuit
    Gilles-Villeneuve, which has hosted the race since 1977.
    ``There will be an important negative impact on Montreal's
    tourism,'' Legault said.
    The Belgian Grand Prix will be reintroduced to Formula One's
    World Championship in 2004 after a year out because the Belgian
    government softened its laws on tobacco advertising at sporting
    events last month.

    --Stuart Condie in London (44)(20) 7673-2527, or at
    scondie@bloomberg.net and Frederic Tomesco in Montreal (1)(514)
    286-1565 or tomesco@bloomberg.net with reporting by Dan Baynes in
    Sydney, through the Princeton Sports Desk. Editor: Sillup, Bensch

  4. #4
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    Basically, the anti-smoking groups can now go pat themselves on the backs, having killed off many events due to the inability of tabacco companies to advertise at them. The funny part is that none of the sponsors in question have a significant presence in the Canadian marketplace, often promoting brands that aren't even available in Canada. Just as importantly, the financial transaction for the sponsorship doesn't even occur in Canada.

    In the current economy, there are very few companies that are willing to shell out the big dollars to sponsor major sporting events. The Canadian GP is toast, Players will leave autoracing after 40+ years, and such.

    The company that was normally #2 in line to make up the direct local sponsorship of events, Air Canada, is fubar.

    The beer companies, I suspect after seeing the reaming the cig companies got are less inclined to sponsor ANYTHING that isn't in a bar or nightclub anymore.

    Guess what? Canada's tourism business is fubar as well.

    MATt
    Your mileage may vary... mine did!

  5. #5
    The decision is sad, and it is a blow to the economy of montreal. Though, I totally approve the decision of the government to ban advertizing tobacco. Hopefully, the same decision will be taken in Europe, so that the F1 organizers will have no excuse to continue banning montreal.

    And as was mentionned in a previous post, festivities don't stop in Montreal during the summer, so tourists still have a lot of attractions (besides the escort agencies and the strip clubs

  6. #6
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    this just in...

    Maybe good news???
    Eccelstone is now saying its not true...
    http://news.bbc.co.uk/sport1/hi/moto...ne/3133815.stm

    who knows!
    rolo

  7. #7
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    Considering the farce that F1 has become, who cares? 250 million people that DON'T spend their money here? Big deal. No loss.
    Shorter of breath...One day closer to death. Pink Floyd

  8. #8

    bright side?

    I'll try to be the optimist, and say that this could mean more favorable hotel availability and pricing for those of us who are not race fans!

    I also wonder how many former "race fans" will find some other reason to spend that time in Montreal.
    Last edited by chowhound; 08-08-2003 at 03:17 PM.

  9. #9
    Resident Sage Asshole
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    The loss of Formula 1 in Montreal will decimate the local economy. The hotel and restaurant business generates a lot of jobs. Expect the impact of something like this to ripple down not only through hotel and restaurants, but also construction. New hotel rooms that are being planned will be put on hold if at all possible.

    As for NASCAR...Eager you must be kidding me. NASCAR would be about as popular as baseball in Montreal. I have to say I think NASCAR is about as exciting as baseball as well..LOL.


    EBS
    mi nombre en inglÚs es "Good Sam"

  10. #10
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    Captain,

    All good numbers and reasonable people may disagree on whether the term decimate is appropriate. However, I would ask outside of the provincial and city government, who are the largest single employers in Montreal? That would be the hotel and restaurant business. A good majority of the money pumped in through tourism never shows up in identifiable taxable form, but it gets put into the economy nonetheless. So the question to ask is how much unreported income is going to be lost in addition to the say 100 million or whatever figure. F1 is by far the largest single event you have during peak season. If you somehow think that the local economy will shrug that off like nothing happenned, I think you're in for a rude surprise. That is kind of like Vegas saying they could do without COMDEX...the annual electronics expo..hands down the largest convention in Las Vegas. The loss of COMDEX in Vegas would be equally devastating, and they have an entire gaming industry to prop them up.

    No this may not decimate the economy, but I think its a bit of a stretch to think there won't be serious repercussions on the Montreal economy. All I heard from restaurant and hotel owners last time I was in town is that this years GP was down 10-15% and they were crying the blues over that. How about down 100% next year?

    EBS
    mi nombre en inglÚs es "Good Sam"

  11. #11
    Originally posted by E B Samaritano
    Captain,

    All good numbers and reasonable people may disagree on whether the term decimate is appropriate. However, I would ask outside of the provincial and city government, who are the largest single employers in Montreal? That would be the hotel and restaurant business. A good majority of the money pumped in through tourism never shows up in identifiable taxable form, but it gets put into the economy nonetheless. So the question to ask is how much unreported income is going to be lost in addition to the say 100 million or whatever figure. F1 is by far the largest single event you have during peak season. If you somehow think that the local economy will shrug that off like nothing happenned, I think you're in for a rude surprise. That is kind of like Vegas saying they could do without COMDEX...the annual electronics expo..hands down the largest convention in Las Vegas. The loss of COMDEX in Vegas would be equally devastating, and they have an entire gaming industry to prop them up.

    No this may not decimate the economy, but I think its a bit of a stretch to think there won't be serious repercussions on the Montreal economy. All I heard from restaurant and hotel owners last time I was in town is that this years GP was down 10-15% and they were crying the blues over that. How about down 100% next year?

    EBS
    EBS, just to clear things up for you, below you will find the top six economic sectors in Montreal according to research done by the Gazette.

    1) Pulp and paper
    2) Pharmaceuticals
    3) Aerospace
    4) Telecommunications
    5) Transportation
    6) Technology

    Tourism doesn't even make it in that list. Yes if the F1 is cancelled it will be a blow to the market of about around 80 million. Yes it will hurt the restaurant and hotel business. But Montreal will easily weather this storm.

    Here is another list of employment per industry, according to stats Canada.

    Manufacturing 300,000
    Trade 300,000
    Business services 200,000
    Health 190,000
    Education 130,000
    Finance, insurance 110,000
    Transportation 80,000
    Info culture recreation 90,000
    Accommodation and food 90,000

    Hope this will clear up your slightly skewed view that Montreal is only a tourist center. Accommodation and food industry only make up 6 %. if you want to add culture and recreation you still get only 12 %

  12. #12
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    EagerBeaver, I seem to recall a previous attempt at bringing NASCAR to Canada being rejected because of the amount of emisions due to the type of leaded fuel needed. These cars run in excess of 17-1 compression ratio which is just shy of a diesel, 20-1. If I'm wrong on any of this, someone please enlighten me.

    EBS, you seem to imply that NASCAR is boring. Please tell me what is so exciting about watching guys chasing Herr Shumaker every Sunday morning. This is after the mandatory crash/engine failure by Mr Villneuve. This is a retorical statement and not meant to be inflamatory, so please don't respond with a 5000 word diatribe.
    Shorter of breath...One day closer to death. Pink Floyd

  13. #13
    JustaJohn
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    Circuit Gilles Villeneuve

    Eager:

    It's already been used for the CART race. Actually, this year's edition will be held this upcoming weekend. Still great passes available, for those interested.

    Come and watch our Canadian boyz (Pat, Alex and Paul) kick some American and European butt at the race! LOL

    My money is on Paul Tracy to win the race and thus sweeping all 3 Canadian races.

    Off topic: i don't know if any of you heard local radio pranksters "Les Justiciers Masques" (Masked Avengers) pull a prank on F1 head honcho Bernie Ecclestone last week. It was hillarious! He actually believed it was Jean Chretien (Canadian PM) that had actually called him and did state the door was wide open for the F1 GP to return to Mtl if the government would agree to let the tobacco companies advertise their products during the race weekend. Here is the link: http://tours.radiopranks.com/1/?

    The Bill Gates prank is a classic!

  14. #14
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    Umm, although I know it is all tongue in cheek, I do want to point out that this sort of thing is actually quite possible and not that hard to set up. Seminars, multi-day public events, etc are all things I have bene involved in with( at a show management level) n the last couple of years, twice in Montreal.

    It could be done... there would have to be some cost involved, but it could be done.

    Wanna bet LE would be there to "meet and greet"? ;-)

    MATt
    Your mileage may vary... mine did!

  15. #15
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    Capt, I hope you are right about JV never driving in NASCAR. It would be most embarassing to see him get his ass kicked in 2 different series. REAL racers only turn left!
    Shorter of breath...One day closer to death. Pink Floyd

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