{"id":760035,"date":"2026-06-25T10:49:09","date_gmt":"2026-06-25T10:49:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/760035\/"},"modified":"2026-06-25T10:49:09","modified_gmt":"2026-06-25T10:49:09","slug":"f1-news-former-french-gp-criticized-over-flawed-management","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/760035\/","title":{"rendered":"F1 News: Former French GP criticized over &#8216;flawed&#8217; management"},"content":{"rendered":"<p>(GMM) The organization of the former French GP has come under renewed scrutiny after a regional audit found what it described as \u201cflawed\u201d management of the event.<\/p>\n<p>A report by France\u2019s Regional Chamber of Accounts examined the public interest group that organized the Formula 1 race at <a href=\"https:\/\/www.circuitpaulricard.com\/en\/\" target=\"_blank\" rel=\"noopener nofollow\">Paul Ricard<\/a> from 2018 until its removal from the calendar after 2022.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-371937\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/06\/verstappenleads.jpg\" alt=\"\" width=\"1500\" height=\"1000\"\/>Max Verstappen of Red Bull Racing and The Netherlands during the F1 French GP at Circuit Paul Ricard on July 24, 2022 in Le Castellet, France. (Photo by Peter Fox\/Getty Images for Red Bull)<\/p>\n<p>The report concluded that 103 million euros in public money was spent staging four grands prix, while questioning whether the economic benefits had been overstated.<\/p>\n<p>\u201cEveryone knew that it would be loss-making and would require public money,\u201d Xavier Lefort, president of the chamber, said.<\/p>\n<p>However, he added that \u201cthe economic benefits have been significantly overestimated\u201d, with the report estimating them at 75 million euros compared with projections of 120m.<\/p>\n<p>The auditors also criticized what they described as \u201cirregular procedures\u201d in the awarding of several contracts, generous executive remuneration, and governance failures.<\/p>\n<p>The report comes as a judicial investigation opened in 2023 into alleged favoritism and misuse of public funds linked to the organization of the French GP remains ongoing.<\/p>\n","protected":false},"excerpt":{"rendered":"(GMM) The organization of the former French GP has come under renewed scrutiny after a regional audit found&hellip;\n","protected":false},"author":2,"featured_media":760036,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[441],"tags":[49,48,578,576,577,82],"class_list":["post-760035","post","type-post","status-publish","format-standard","has-post-thumbnail","category-formula-1","tag-ca","tag-canada","tag-f1","tag-formula-1","tag-formula1","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/760035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=760035"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/760035\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/760036"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=760035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=760035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=760035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}