Ecclestone has wanted a race in London for years and now claimed he is willing
to put up the £35 million it would cost to stage the race.
He said: “With the way things are, maybe we would front it and put the
money up for it. If we got the okay and everything was fine, I think we
could do that…It would be fantastic, good for London, good for England – a
lot better than the Olympics.”
The race would start in The Mall and cars would reach speeds of 180mph on the
3.2-mile circuit, with drivers racing past Buckingham Palace.
Marketing experts predict the race could generate at least £100m for the
London economy from spectators and tourists.