CEO of Bahrain Grand Prix confirms that race will go ahead, despite the financial climate…
Good news for Formula 1 fans, The Bahrain Grand Prix (April 24-26) will go ahead. Bahrain International Circuit (BIC) chief executive officer Martin Whitaker, the man in charge of the Bahrain leg of the Formula 1 championship, announced today that the race should go ahead as planned but a three-day pass for the Main Grandstand will this year cost a whopping US$477. On the upside, prices for places in the less popular Victory and University Grandstands have been cut by up to 44 percent and will start from US$120 a day for adults. Whitaker said the increase in Main Grandstand tickets reflected the improved entertainment on offer. "I think we present very good value for money and most people come to the race because they know they will have a really good weekend," he told Gulf News. Whitaker said he did not expect the race to be adversely affected by the credit crunch, despite the increasing cost of some ticket prices and added that Bahrain could benefit from the economic downturn. "We expect that a lot of businesses that would normally travel (from Europe) to far away races will be looking carefully at Bahrain. "Ultimately, yes they will be looking at their cash flow, but at the same time they be looking at maybe not travelling to Australia, China and Malaysia, but considering the shorter haul route to Bahrain."