Future
Organisers of the Korean Grand Prix have expressed dissatisfaction over the terms of their contract with Bernie Ecclestone and Formula One Management, particularly with regards to the cost of race-sanctioning fees, and have sought to renegotiate the contract, seeking more-favourable terms. However, Ecclestone ruled out renegotiations, stating that the initial negotiation process had been difficult enough, and that the organisers were aware of the terms of the contract when they first signed it. Ecclestone has stated that in the event that race organisers can not pay sanctioning fees, the Korean Grand Prix will be removed from the calendar. The final calendar released in December kept the Korean Grand Prix intact. Shortly after the Australian Grand Prix, organisers of the race in Korea announced that they had reached a new deal with Formula One Management that would save $20.5 million (₩23 billion) in costs. However, Kang Hyo-seok, director of race organisation for the Korean Grand Prix, admitted that the race was still far too expensive for Korea, anticipating an estimated loss of $26 million (₩29 billion) in 2012.
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Famous quotes containing the word future:
“The future of humanity is uncertain, even in the most prosperous countries, and the quality of life deteriorates; and yet I believe that what is being discovered about the infinitely large and infinitely small is sufficient to absolve this end of the century and millennium. What a very few are acquiring in knowledge of the physical world will perhaps cause this period not to be judged as a pure return of barbarism.”
—Primo Levi (1919–1987)
“Parents are like shuttles on a loom. They join the threads of the past with threads of the future and leave their own bright patterns as they go.”
—Fred Rogers (20th century)
“Our Last Will and Testament, providing for the only future of which we can be reasonably certain, namely our own death, shows that the Will’s need to will is no less strong than Reason’s need to think; in both instances the mind transcends its own natural limitations, either by asking unanswerable questions or by projecting itself into a future which, for the willing subject, will never be.”
—Hannah Arendt (1906–1975)