Jump to full article: Gulf Daily News (bh), 2003-05-05 Author: ROBERT SMITH in Barcelona
Intro: THE financial benefit from staging a Formula One Grand Prix is expected to run into tens of millions of dollars every year.
A top official from the FIA - Formula One's governing body - says it will be the equivalent of Bahrain staging an Olympic Games annually.
He says it is impossible to accurately predict revenues from staging a Grand Prix, but says the impact on Bahrain's economy will be massive. . .
Mr Donnelly says the impact of Formula One can be clearly seen in Belgium, which was recently withdrawn from the race calendar.
The Belgian Grand Prix was cancelled after the government changed its laws on tobacco advertising.
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