23/05/2006
NEWS STORY
According to reports, Russian billionaire (aren't they all these days?) Roman Abramovich is close to securing a deal which would see Moscow host a round of the Formula One World Championship.
Abramovich, who owns Chelsea football club, has had "meaningful discussions" with Moscow mayor, Yuri Luzhkov, and it is understood that the possibility of the Russian city hosting a Grand Prix is more likely than at any time before.
According to reports, Abramovich is prepared to finance the construction of the track, which would be located on the outskirts of Moscow, close to the airport.
There has been talk of a Moscow Grand Prix for some time, with (former Arrows boss) Tom Walkinshaw involved in an ill-fated project several years ago. With Abramovich, a close friend of Bernie Ecclestone, on board, it appears that progress is finally being made.