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Copenhagen Formula 1 plan in doubt over municipal financing

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Copenhagen Formula 1 plan in doubt over municipal financing
An image from the Bahrain Grand Prix earlier this year. Photo: HOCH ZWEI/picture-alliance/dpa/AP Images/Ritzau Scanpix
14:25 CEST+02:00
Doubt has emerged over the viability of a plan for a Formula 1 Grand Prix to be held in Copenhagen due to apparent disagreements between the city's municipality and the government over funding.

A statement was made by Finance Minister Kristian Jensen on Thursday following a meeting between Jensen and Copenhagen's lord mayor Frank Jensen, newspaper Politiken reports.

“The government is prepared to put some money into the hosting of Formula 1 in Denmark. But we don't think it's reasonable that the city where such a large event is to take place does not also contribute economically,” Kristian Jensen said.

The minister added that other Danish cities, including Odense, Herning and Horsens, have generally made significant financial contributions to their candidacies as hosts for sporting events such as the Giro d'Italia and Tour de France.

“We ask all cities to be a part [of funding] when a major sporting event is in town. So it is also fair for Copenhagen Municipality to do this,” the minister said to Politiken.

The Ministry of Finance is to officially inform the municipality that “if we are to continue on this path, we in the government expect Copenhagen Municipality to be prepared to contribute financially to the hosting of Formula 1 in Denmark,” according to the report.

The lord mayor has a one-vote majority on the city council to continue talks with the government and private investor Lars Seier Christensen and former minister Helge Sander, who are behind the plan to bring a Grand Prix to the Danish capital.

Opposition parties the Red-Green Alliance, Alternative, the Socialist People's Party and the Social Liberals have all said they are opposed to a Formula 1 event in Copenhagen.

Several Social Democrat councillors have also expressed their scepticism over the plan, which would need municipal approval for the use of the city's roads, Ritzau reports.

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