Montecalvo group pushing for Mediterranean GP in 2020

Ecclestone to Monza, either sign the contract I gave you our we'll race in Bari, Italy. Bernie gets these rumors started every time he wants a contract to be signed.

A group of businessmen from the Italian city of Bari have opened talks with Formula 1 supremo Bernie Ecclestone about holding a Mediterranean Grand Prix from 2020 on a track around its streets, Motorsport.com rumors.

Members of the group led by Italian Fabio Montecalvo are already believed to have secured 200 million Euros in investment for the project, which has begun a push to build up the further support required to make it a reality.

Montecalvo is president of sports marketing company FM Communication and it is understood he has backing from businessmen Ahmed Al Alaija and Naijd Al Khalifa.

The hope is for a street race around the Fiera del Levante area of Bari, which will include a stretch running alongside the sea front.

Part of the dramatic plans will include the construction of a grandstand and Paddock Club hospitality areas floating on the water. Jonathan Noble/Motorsport.com