Formula One boss Bernie Ecclestone has offered to stump up £35 million (R460 million) to stage a Formula One Grand Prix around London's famous streets

The Times reported on Thursday that the 5.1km route will be revealed when the full plan was presented later on Thursday, but it would take in landmarks including Buckingham Palace and Trafalgar Square.


Organisers estimate 120 000 spectators would flock to the showpiece event - making it the biggest race on the tour - and hope the money they would spend would more than cover Formula One's investment.

“Think what it would do for tourism,” Ecclestone told the paper. “It would be fantastic, good for London, good for England - a lot better than the Olympics.” - AFP