Rockingham drops CART
ByReuters
Published 26/11/2002 at 10:20 GMT
Britain's Rockingham circuit will not host a CART race next year after confirming that they had agreed with the U.S.-based series to be removed from the 2003 calendar. Rockingham possessed a five year deal to run the event but suffered heavy losses during the first two events.
Britain's Rockingham circuit will not host a CART race next year after confirming that they had agreed with the U.S.-based series to be removed from the 2003 calendar. Rockingham possessed a five year deal to run the event but suffered heavy losses during the first two events.
NEWS: CART heading to Spa, Estoril & Brands Hatch!
"For 2003 at least, CART and Rockingham have jointly agreed
to remove the event scheduled for May 3-4 from the championship
calendar," Rockingham said in a statement.
"The situation will be reviewed later next year regarding a
return of the series to Rockingham in the future."
Rockingham chief executive Ashley Pover said Rockingham,
which has hosted a round of the championship for the last two
years, had decided that the 2003 event would be "fiscally
unviable".
"We have currently less than five months to develop new
marketing programmes and find sponsors. Frankly we don't have
the resources to make that work," he said.
"If we were to plan towards a future date, such as
mid-season 2004, that would give more time to achieve the
targets, which makes a lot more sense."
Sources said Rockingham was paying in the region of $4.0
million to host the CART race while making less than half that
from ticket sales.
Pover said Rockingham would now concentrate on other
activities such as ASCAR, British superbikes and Formula Three.
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