Grand Prix and Its Economic Impact / Max Bitton ; Bud Moeller(Ferrari Racer) / Dr.Kellie Leitch, Parliamentary Secretary to the Minister of Human Resources and Skills Development and to the Minister of Labour
This year The Canadian Grand Prix 2012 will take place between 8-10th June , After the long cold winter, Canada awakens to a string of festivals and then, as summer gets in to full swing, it’s the Montreal Grand Prix. , The Canada Grand Prix is very important to the people of Montreal, as is their home grown hero, Gilles Villeneuve, who had the honour of having the Canadian F1 track named after him. This complex Canadian F1 circuit is built on a man-made island constructed in 1967. It has been the home of F1 Canada ever since and has witnessed some nail-biting Canadian Grand Prix. But in 2008 the Grand prix Business owners along Montreal's famed Crescent Street blame F1 boss Bernie Ecclestone's greed – and not the failed efforts by government officials – for losing the Grand Prix. Restaurateurs and shopkeepers said the event's absence will hurt them financially, but at that time they applauded federal, provincial and municipal negotiators for not caving to Ecclestone's unreasonable financial demands. BERNIE ECCLESTONE has always been a Formula One star in his own right. He controls the Grand Prix motor races from a silver motor home , which a judge once described as the tent of a medieval king on a battlefield.
So what is the grand prix real impact in montreal on the the tourist industry and the economy as whole in Montreal ? Is the race is a real windfall for hotels and business in the region as well? We will also find out what really happened to the grand Prix in 2009 when Montreal decided that it was not economicaly viable to hold the grand prix?
today on the money and business show We will discuss with Mr max bitton Owner and Executive Director at F1 Boutique Canada in Montreal the importance of formula 1 in montreal .
514 738 4100 ext 200 or email me at moneyandbusinessshow@gmail.com if you have any inquiries. You can also visit our website at www.radio-shalom.ca – all our shows are archived there. I work as Financial Consultant for T.E MIRADOR or TE WEALTH. TE MIRADOR has been providing Corporate Executives, CEO ‘S, families ,employers and employee with independent wealth management and Financial education services since 1972. You can visit our website for my contact information atwww.temirador.com,
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Our topic for today is ; The economics benefits of the grand prix of montreal
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My name is Samuel Ezerzer, your host to the Money & Business show on Radio Shalom, CJRS 1650 AM. Thank you for tuning in live with our Business studios headquarters in Montreal, the financial capital and the home to the greatest hockey team, the Montreal Canadians. We have another great show for you today and as always, you can call if you have any questions, comments, or criticisms on today's topic. Please call us direct at 514 738 4100 ext 200 or email me at moneyandbusinessshow@gmail.com if you have any inquiries. You can also visit our website at www.radio-shalom.ca – all our shows are archived there. I work as Financial Consultant for T.E MIRADOR or TE WEALTH. TE MIRADOR has been providing Corporate Executives, CEO ‘S, families ,employers and employee with independent wealth management and Financial education services since 1972. You can visit our website for my contact information atwww.temirador.com,
4:15 PM
4:15 PM
Our topic for today is ; The economics benefits of the grand prix of montreal
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4:05-4:14PM
But first from Ottawa
Member of Parliament for Simcoe-Grey
DR KELLIE LEITCH
Parliamentary Secretary to the Minister of Human Resources and Skills Development and to the Minister of Labour
Dr. Leitch is a pediatric orthopedic surgeon and an associate professor of surgery. In addition to her work as a surgeon and professor, she is the former Chair of the Ivey Centre for Health Innovation and Leadership and she also served on various councils and boards, including the YMCA and Community Living.
Dr. Leitch earned her Doctorate of Medicine from the University of Toronto in 1994, MBA from Dalhousie University in 1998, completed the Orthopaedic Surgery Residency Program in 2001 at Children’s Hospital of Los Angeles/University of Southern California in 2002.
As a volunteer, Dr. Leitch served as council member on the NRC (National Research Council of Canada), was a board member of Genome Canada, a director on the YMCA (GTA) board of directors, Vice-President of CANFAR (Canadian Foundation for AIDS Research) and founder of The Sandbox Project. In addition, Dr. Leitch has hosted an annual golf tournament to raise funds for the Canadian Breast Cancer Foundation.
Dr. Leitch was selected as one of Canada’s Top 40 Under 40 for her work in both medicine and business in 2005. She has published in the clinical and best practice model areas of the health care field. In 2010, Dr. Leitch received the Order of Ontario for her work advocating for children and youth.
QUESTION
1) Last week, you announced changes to the Canada Student Loans Program, can you elaborate on that announcement?
2) How many Canadian students will be affected? What will this mean for them?
3) Why is this a priority for the Government of Canada?
4) How does this announcement go hand-in-glove with the Government's economic agenda and priorities?
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Mr. Max Bitton
BIOAGRAPHY
He owns One of the largest motorsports and sports related merchandise retailers in North America -F1 Boutique Canada in Montréal - carrying exclusive official F1 drivers, F1 racing teams, Canadian Grand Prix, Ferrari, Nascar, Montreal Canadiens hockey, FIFA and EURO soccer - football merchandise, jerseys and much more. He is also a Application Developer, Database and Back End Website Administrator, and Project Manager in a wide variety of business applications relation sports in Canada. Particularly interested in sports marketing and the development of online social athlete network exclusive community. Max is a Graduate of Licensed Psychology with marketing background focused on social and sports athletes counseling services. Specializing in work or sports related stress, issues with family mediation services
1- What makes Montreal a Grand Prix destination of choice...
Montreal is a multi cultural bilingual historical city that has a European flair mixed with a welcoming - joie de vivre
Montrealers are known to have a good time and the whole city participates in the festivities and easy access from downtown by subway to the track.
The nightlife is safe and the list of activities during the GP caters to everyone. (Boul. St Laurent, Little Italy, Old Mtl, Crescent and now even Ottawa)
Montréal’s first taste of F1 fever came in 1978, when the very first championship was won by none other than Gilles Villeneuve, Québec's legendary driver. Originally known as the Île Notre-Dame Circuit, the track was renamed in his honour upon his untimely death during a practice run at the 1982 Belgian Grand Prix. Since then, other great racing legends have come and conquered Montréal's famous circuit, the likes of which include Ayrton Senna, Mika Häkkinen, and Michael Schumacher with in 2011 a record attendance of 300 000 fans.
2- Is the Grand Prix du Canada beneficial for Montreal...
Yes, because it is the most prestigious automotive event in North America and the largest sporting event held in Canada. It also has a huge positive economic impact on the local economy and boost tourism by putting Montreal on the International map.
3- What was the Mtl GP Cancelled in 2009...?
Initially it was because the drivers complained about the bad track condition and needed major necessary repairs. Then, the private sector couldn’t find the race anymore and the government stepped in because it was too expensive to host for Normand Legault, the race promoter.
Then the media learned that contractual fees between Circuit Gilles Villeneuve officials and commercial rights holder F1 Management (Bernie Ecclestone) had to be disputed which resulted in the loss of our pinnacle race.
At the end, the Canadian and Quebec governments, plus the city of Montreal and its tourism boards provide an annual investment of some CAN $15 million over the five-year contract duration. The Canadian government and Tourisme Montreal are paying CAN $5 million each, with the government of Quebec paying CAN $4 million and the city of Montreal CAN $1 million.
It killed my business and then I had to open a restaurant which actually was a great thing because it gave a self assurance that I was able to leverage the loss of my core business and use my contacts to start a new one. Hard work and dedication always pays off if you put your mind to it. When I started F1, it was very difficult but I was determined to succeed and at 28 years of age, I was the youngest Ferrari distributor.
Now, we have it until 2014 and potentially for another 10 years and if we reinvest again.
4- Why is Montreal so important to Bernie Ecclestone...?
Because of the sponsors who need visibility in only race in the North American consumers. So, if there is no North American sponsor, he will not be able to attract them.
5- What will happen when there will be a Grand Prix in Texas (this year) and New York (in 2013)...Will it hurt you business..."?
Yes and No, in the short term, it will, as we already have lost a lot of American and European tourists because of the global economic downturn and the USD dollar which has came to parity but in the long term it is highly beneficial because it is a great window of opportunity to introduce F1 into the American market."
I have spoken with the GP organisers and special units will be put in place to counteract any sabotage to the track. Unequivocally, it is the perfect scenario for the students to get International recognition and to bring their cause in a worldwide media attention that will be present from
The Mtl GP is watched at peak hours in Europe and USA, an average 500 million people watch the Canadian GP because there is always great action and this year, there are 8 World Champions on the starting line and no one has won 2 races consecutively. The small teams are surprisingly winning.
Pls, mention our location stores during the GP and our website.
Facebook fan page: F1 Boutique Canada
Thank you
F1 Money & Business in Montreal
WEDNESDAY MAY 23RD
MONEY AND BUSINESS SHOW
MAX BITTON
Website: http://www.f1boutiquecanada.com/
We are on the social media networks:
Facebook fan page: F1 Boutique Canada
Twitter handle : @F1boutique
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LinkedIn Professional profile : Max Bitton
Twitter handle : @F1boutique
Foursquare: F1 Boutique Canada
LinkedIn Professional profile : Max Bitton
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Bud Moeller: (Biography)
Ferrari racer and Ferrari Formula One Racing car collector (Gilles Villeneuve and Michael Schumacher):
Bud Moeller's fascination with Ferraris goes back to the days of Ferrari great Niki Lauda, one of his heroes back in the 70's. "He was a driver who not only won world championships, but had a crash that nearly ended his life, and came back and won yet another championship after that. Phenomenal," says Moeller. At age 26, Moeller bought his first Ferrari -- a 308 for weekend use -- with a partner.
Moeller has been a management consultant for twenty-four years, currently working in the San Francisco office of the world's largest management and technology consulting firm, Accenture, a ten-plus billion dollar company with 75,000 employees worldwide. Moeller primarily works with communications and high tech companies.
Moeller has been a management consultant for twenty-four years, currently working in the San Francisco office of the world's largest management and technology consulting firm, Accenture, a ten-plus billion dollar company with 75,000 employees worldwide. Moeller primarily works with communications and high tech companies.
Moeller had 3/4 of the car, therefore he got the use of it three weekends of the month. "It worked out just great for both of us. We were able to do something we couldn't have done alone." Since then, Moeller has had a Ferrari in the garage almost continuously. "I got the bug very early," says Moeller. "Once it's in your blood, it stays." Since then, the Ferraris he's owned include two Daytonas, two Boxers, a 330 GTC, and a 355; he currently owns a 550 Maranello and has just received a brand new 360 Spider.
It's only natural that eventually, Moeller would acquire the ultimate in Ferrari machinery -- a Formula One race car. His Mauro Forghieri designed 1980 Ferrari 312 T5 had been in the collection of Luigi Chinetti, the importer for Ferrari of North America. When he died, son Luigi, Jr. was getting ready to restore a couple of cars in the collection and planned to sell one in order to generate cash toward restoration of the others. Moeller had been in the market for a Ferrari Formula One for eighteen months. "I told Luigi, Jr. that I was interested in restoring the car and putting it out where people would see it and hear it, and he said this is probably what his dad would have enjoyed and wanted to see with the car, so we cut a deal." That was in 1995; after a year and a half of restoration in Italy, Moeller has been racing the Ferrari ever since.
Moeller grew up out of the country (he spent only 3rd grade in the U.S.) -- his father was in the foreign service, working at embassies and military bases. Moeller's early years were spent in Germany and his junior high years were spent in his favorite place, Japan. "I think living outside the U.S. helps to put the U.S. in perspective in the world."
Moeller's high school years ('68-'72) were spent in England. "We lived about 45 minutes away from Silverstone and I went to watch Grand Prix races there when I was a kid. Some really great names -- Jackie Stewart, you know, people like that -- were running. A lot of guys that were revered. That was part of getting that car stuff into my blood as a teenager."
Moeller returned to the U.S. for college, receiving his undergrad degree in chemical engineering from Georgia Tech. But he switched to business, receiving an MBA in general management and strategy from Harvard. "I enjoyed the leadership and management side of things much more than designing improved systems for refineries and so I decided midway through my undergraduate days that I was going to go for an MBA."
Moeller has been a management consultant for twenty-four years, currently working in the San Francisco office of the world's largest management and technology consulting firm, Accenture, a ten-plus billion dollar company with 75,000 employees worldwide. Moeller primarily works with communications and high tech companies. "Our firm works with any name that you would read in the business press. We help companies adjust business strategies to evolving market conditions. My particular specialty is to help them reorganize and to make all the necessary changes in the future to be successful. These days it's about downsizing, but in prior years before we hit this market downturn, a lot of it was helping companies to unlock their growth potential, helping them to create alliances with other companies."
Of course, racing remained an attraction and he started running the 308 at Ferrari Club events. Moeller and the 308's co-owner also autocrossed a Lotus Europa. "It was very competitive. In fact, I was fourth in the autocross nationals in Salina, Kansas." Now, Bud races around the world to very exclusive Grand Prix with his historical highly collectable vintage F1 cars, following his passion around the globe.
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Questions for Bud Moeller...
1- Why did you acquire the Ferrari of Gilles Villeneuve, Quebec s F1 legend. How much does it cost to maintain the car and do you prefer driving the Ferrari of Gilles or the Ferrari of Michael Schumacher...
2- Why does he love Montreal...and what was his best experience at the Canadian Grand Prix
3- How did you meet Max Bitton and how did this F1 relationship start
4- As F1 set its course on the United States, what do you think the outcome will be, will F1 last in Texas and New York...
5 – I heard that you had a very special Ferrari F1 experience last week with Marc Gene, can you tell us a little bit more about that and also where is racing bringing you next...
6- How did you meet Max Bitton...Do you think he would of made a good F1 Ferrari driver (lol)...as he is so passionate about Ferrari and F1....
Stores:
F1 Boutique Canada
28 St Paul East, Vieux Montreal
Crescent street Festival booth (on Crescent street, corner Ste Catherine street West, in front of Hugo Boss store)
Inside the Metro Jean Drapeau (on your way to Circuit Gilles Villeneuve)
Website:
www.f1boutiquecanada.com or www.f1boutique.ca
We are on the social media networks:
