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Huge debt clouds French GP future
Feb.3 Hopes that France's new absence from the Formula 1 calendar may be short-lived appear to have been dashed. Var Matin, a French daily, has published sections of a confidential letter that was sent to Christian Estrosi – promoter of the newly-defunct French GP at Paul Ricard. The author of the letter is Jean-Louis Masson, who is president of the local departmental council of Var. Var-Matin said Masson expresses concerns about a EUR 27 million debt left behind by the French GP's public interest group. Just as French F1 legend Jean Alesi becomes the new president of the Paul Ricard circuit, Masson said he had noted 'many serious irregularities' in the promoter's expenses over the...
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