Nicolo di San Germano, promoter of the UIM World Formula One Championship has announce the cancellation of the 2005 Korean Formula 1 GP and that the knock-on effect has forced the cancellation of the Hong Kong GP.

Nicolo di San Germano, promoter of the UIM World Formula One Championship has announce the cancellation of the 2005 Korean Formula 1 GP and that the knock-on effect has forced the cancellation of the Hong Kong GP.

The date of these meetings, which had been confirmed almost a year ago, were to be October 2-3 with the Hong Kong Grand Prix taking place two weeks later. However it came to di San Germano’s notice that the 2005 World Formula 2 Series had a date in their calendar for a GP in Korea during September that had been ratified by the UIM.

After officially protesting to the UIM, President Ralf Frohling met di San Germano during the Como GP in July 2005 and signed an agreement which amounted to a compromise that the UIM and the Korean National Authority would ensure that the World Formula 2 event would be held after the World Formula 1 meeting.

It later transpired that Formula 2 did not change its date leaving di San Germano with little choice but to cancel the Korean GP. Ironically, the Formula 2 promoter has since postponed his event until late October because, he claims, the weather in Korea is too unstable in September.

Nicolo di San Germano is consulting with his lawyers as the cancellation of both events represents a considerable loss of income both in time and financial investment.

“I have acted in a very professional manner since becoming the Formula 1 promoter in 1994 and I expect the UIM and National Authorities to also act in the same way. However, it would appear these standards have recently declined and this is making my task extremely difficult”.