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:
“It is given to few to add the store of knowledge, to strike new springs of thought, or to shape new forms of beauty. But so sure as it is that men live not by bread, but by ideas, so sure is it that the future of the world lies in the hands of those who are able to carry the interpretation of nature a step further than their predecessors.”
—Thomas Henry Huxley (1825–95)
“I want the necessity of supplying my own wants. All this costly culture of yours is not necessary. Greatness does not need it. Yonder peasant, who sits neglected, carries a whole revolution of man and nature in his head, which shall be a sacred history to some future ages.”
—Ralph Waldo Emerson (1803–1882)
““Dark times” is what they call it in Norway when the sun remains below the horizon all day long: the temperature falls slowly but surely at such times.—A nice metaphor for all those thinkers for whom the sun of mankind’s future has temporarily disappeared.”
—Friedrich Nietzsche (1844–1900)