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Source - GMM
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Tuesday, 09 March 2010 09:17 |
 The South African province Gauteng has decided to wind up its motor sport programme.
The Gauteng Motor Sport Company earlier looked into reviving a South African Formula One Grand Prix, and sponsored the Renault and BMW Sauber teams.
BMW motor sport director Mario Theissen said last year its Gauteng backing was a "long term" deal.
But executive council member Firoz Cachalia has announced that the province is paying to wind up its contracts within the next two months.
"We're dealing here with a lot of money, a lot of interested parties, and international contracts," he said.
A statement confirmed that the BMW Sauber deal was "terminated amicably".
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