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Stands are empty, hotel rooms available and tickets unsold.

Formula One’s most glamorous race, the Monaco GP, is feeling the pinch of the global financial crisis.

Formula One’s slim-downed, cost-conscious version arrives in Monaco, one of the world’s wealthiest states, for the 67th time. But the atmosphere is clearly different this year.

Although there will be movie stars and models frolicking aboard two-story yachts as always, the downturn has touched the tax haven many F1 drivers call home.

There were empty seats during Thursday’s first practice day and thousands of the 45,000 tickets were still available on Friday for Sunday’s 78-lap race…  Details

This entry was posted on Saturday, May 23rd, 2009 at 9:38 pm and is filed under Automobile, Formula & Indy Cars. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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