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No fees for canceled race in Bahrain

Updated: February 23, 2011, 8:29 AM ET
Associated Press

LONDON -- Formula One boss Bernie Ecclestone will not charge organizers of the Bahrain Grand Prix cancellation fees for calling off the season-opening event.

The March 13 race was scrapped Monday amid the political unrest in the Gulf kingdom, leaving Bahrain in line to pay an estimated $40 million rights fee to Ecclestone's Formula One Management company.

But Ecclestone said he would waive the fee.

"The fee that is normally being paid for the event is not being paid," he said ...

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