Moscow Mayor Yuri Luzhkov announced on Sunday at the international forum, "Moskva-Invest 2002" in Italy, that the idea of holding a Formula-1 race in the Russian capital had not been shelved completely.
He said that the planned grand prix had to be postponed for the time being, as negotiations with F-1 supremo Bernie Ecclestone had not come to a successful conclusion. Luzhkov said that Ecclestone was to blame for the breakdown of talks, as he wanted "to receive the rights to everything," from ticket sales and television broadcasting to advertising, which would leave Moscow with "only the noise from the engines." Nevertheless, the mayor said that he had not given up on the idea of holding a grand prix in Moscow. "We have many people, and especially young people, who would like to see Formula 1 with their own eyes," Luzhkov stressed.