IOC President Jacques Rogge has ruled out Formula One as an Olympic sport, saying that the Games are a contest between athletes, not engines.

However, Rogge said during a visit to the British Grand Prix at Silverstone, that the International Olympic Committee can learn a lot from the F1 management about organising mega sporting events three weeks before the London Games.

“There are many similarities between Formula One and the Olympic Games. Both are high quality sports and the competitors have the same spirit, the same mind,” Rogge said while touring the paddock at Silverstone with the F1 chief Bernie Ecclestone on Sunday.

“The Formula One riders are very great athletes, very fit, they are very courageous … and they also have to have strategic thinking and I have a lot of admiration for them,” Rogge said.

He called the F1 circuit “one of the sacred places of automobile racing,” but firmly denied the possibility of Formula One becoming an Olympic sport any time soon.

“Frankly speaking, the concept we are having is the games are about the competition for the athletes not for equipment,” Rogge said.

“Therefore, while having a lot of respect, they will not be included into the Olympic program.”

Speaking later in the media centre, Rogge insisted that F1 has the “same pursuit of excellence” as the Olympic movement.

“I went to the broadcasting centre, the pits, and everything is very well organised. Believe me, there are a lot of things we can learn from the organisation here,” Rogge said.