Montreal faces US$75mil loss due to F1 snub, says mayor


MONTREAL: Montreal faces losses of up to US$75mil (49.7mil euros) after Formula One’s governing body, the FIA, excluded it from next season’s Grand Prix circuit, according to the city’s mayor on Tuesday.

At a meeting in Paris, the FIA awarded United Arab Emirates city Abu Dhabi their first ever race in place of Canada for the 2009 season without giving any further details about their decision.

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