Copenhagen Grand Prix unlikely

Danish Formula One fans will be disappointed with the news that Copenhagen is unlikely to be selected as a Grand Prix location, according to Finance Minister, Kristian Jensen, who has revealed that the reason for the snub is due to funding issues between the city itself and the government.

The emergence of Kevin Magnussen as a reputable F1 driver has seen the popularity of the sport rise in Denmark, and bosses at Liberty Media were toying with the idea of taking advantage of the increase in fanbase to hold a GP in Copenhagen.

However, Jensen's comments suggest it is probably not going to happen.

“The government is prepared to put some money into the hosting of Formula 1 in Denmark," Jensen told Danish publication, Politiken.

"But we don't think it’s reasonable that the city where such a large event is to take place does not also contribute economically."

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Other Danish cities such as Odense, Herning and Horsens have bid to host stages of the Giro d'Italia and Tour de France. But in each case they had made significant contributions to the costs, Jensen pointed out.

“We ask all cities to be a part [of funding] when a major sporting event is in town. So it is also fair for Copenhagen Municipality to do this."

Liberty Media are looking to expand the F1 schedule by adding more Grand Prix races to the already packed schedule. New York and Vietnam are two of the most desired locations, while Miami looks to be more than likely.