F1 supremo Bernie Ecclestone has given organisers of next year’s United States Grand Prix at the Circuit of the Americas another week’s grace to come up with a deal to rescue the event, after yesterday’s deadline lapsed.

The inaugural race at the under-construction Texas circuit has been in doubt for some weeks, with circuit officials and event promoters at loggerheads with Ecclestone’s Formula One Management group over the terms of the agreement to stage the race.

“They need to get some money and a pen as soon as possible,” Ecclestone told The Associated Press news agency.

The 81-year-old has given officials Stateside until Wednesday’s meeting of the FIA World Motor Sport Council to stump up the sanctioning fee and agree to the terms of the hosting contract that he has set out, or the event will be called off.

“If it isn’t all signed before (then), it can’t happen,” he said.

“"They are struggling to get the financial side sorted out – that’s the problem. They are trying to do it. It would be a loss to everyone (if it didn’t happen). They would like the race to take place. I’d rather see the race happen than not.”

[Original image via Red Bull Media]

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Richard Bailey

Founder & Chief Editor at MotorsportM8
Hasn't missed a Grand Prix since 1989. Has a soft spot for Minardi. Tattooed with 35+ Grand Prix circuits.