It has been announced that NASCAR will not race in Montreal next season after the race promoter Francois Dumontier of Octane Management Events Inc, filed for bankruptcy, with debts of $5 million. The firm is the sister company of Octane Racing Group Inc, the firm that is the promoter of the Grand Prix du Canada. It seems that the biggest creditor is a Dumontier family trust company, which is owed $3 million.
Octane Motorsports is best known as the promoter of the now-defunct Edmonton IndyCar race, but also promoted the NASCAR event in Montreal. F1, however, is treated as a separate business and one hopes that the demise of one Octane company will not bring down another.