Flash.(spectators at risk)(Minardi appointed Enrico Toccacelo)(Sports car racing listed winners)

F1 on in SA? The South African business consortium that hopes to bring Formula One back on a new circuit near Cape Town claims it could sign a contract with F1 before the end of the year. Dave Gant, the CEO of the company set up to organize the bid, said his target date for a race is 2009.

"We've been working on this for about 18 months, and each day we get more confident that we're going to pull it off,'' he said. "Formula One wants it to happen.'' Gant needs to convince the government to contribute substantially toward the estimated $500 million cost of a new facility, ...

Read the rest of this article with a Free Trial at HighBeam Research.