Formula 1 Emilia-Romagna Grand Prix organizers exempted from annual racing fee, reports Daily mail .
The Imola Italian circuit stage was scheduled to take place from May 19-21, but was canceled due to heavy rain and flooding in the area.
Under the terms of the contract, the promoters were to pay the commercial owners of the championship between $18 million and $25 million for the 2023 race. But given the circumstances of the cancellation, F-1 management will not demand payment. This year.
On Wednesday, after consulting local authorities and race promoters, Formula 1 bosses concluded there was no way to complete the stage safely. Thus, the Emilia-Romagna Grand Prix will not take place, and the season will continue in a week on the municipal circuit of Monte-Carlo.
Source : MatchTV
I am Christopher Clyde, an experienced journalist and content writer with a passion for sports. I have been writing about Formula 1 news for the past five years and am currently employed as an author at athletistic.com, one of the top sports websites in the US.
