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F1 promoters expect no financial problems over Sochi race

December 04, 2015, 15:30 UTC+3 MOSCOW
Some media reports have said that the Krasnodar Territory authorities in south Russia have refused to finance the F1 Sochi stage from the regional budget in 2016
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© Sergey Savostyanov/TASS

MOSCOW, December 4. /TASS/. The organizers of the FIA Formula One racing in the Black Sea resort city of Sochi do not expect any financial problems to emerge when the races are held in 2016, Sochi F1 promoter Sergei Vorobyov told TASS on Friday.

Some media reports have said that the Krasnodar Territory authorities in south Russia have refused to finance the F1 Sochi stage from the regional budget in 2016. According to the reports, efforts are under way to search for sponsors of the Russia Grand Prix in Sochi.

"We have no problems," Vorobyov said. "There are, indeed, various opinions and decisions. Constant work is ongoing to optimize the project’s management and ownership structure. But this has no direct relation to spectators of the Grand Prix in Sochi. The F-1 Sochi stage is for many years to come and we know this for sure," he added.

The ticket sale for the third Russian stage of the FIA Formula One World Championship will start at 12:30 p.m. Moscow time (09:30 GMT) on December 4. The races will be held from April 28 to May 1, 2016 at the Sochi car-racing track.

The ticket price will range from 1,900 rubles ($28) to 18,800 rubles ($279). Also, a promotion action titled: "Return to the Russia Grand Prix" will be held from December 4 to April 15 to offer a 10% ticket price discount for spectators of the 2015 F1 Sochi stage.

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