August 23, 2012
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The fate of the historic Spa-Francorchamps circuit has been secured for the time being, with circuit organisers penning a new 3-year deal to host Formula 1 through to 2015.
The deal was agreed with Bernie Ecclestone and Formula One Management a month ago, but has only recently been confirmed by chief race promoter Etienne Davignon.
The Belgian government has stated that it is to inject less funds into the venue, according to economy minister Jean-Claude Marcourt. However, he reiterated that the Grand Prix will continue to be used as a touristic event for the region.
In recent months, rumours have persisted that the track was to alternate races with the Ecclestone-owned Paul Ricard circuit in France. However, after a change in French government, this prospect quickly deteriorated, with Bernie citing politics as the reason for the change in plans.