Organisers of the Indian Grand Prix have dismissed rumours clouding the event's long-term future

To crudely paraphrase a former British Prime Minister…

Organisers of the Indian Grand Prix have dismissed rumours that the race could be axed from next year’s calendar as “totally baseless and malicious”.

With the event having made its debut on the Formula 1 calendar in 2011, the event holds a contract to stage a Grand Prix at the purpose-built Buddh International Circuit through to the end of the 2015 season.

The denials come in the wake of overseas reports which claimed that the event’s promoter, Jaypee Sports International, was on the verge of financial collapse.

“Some international news organisations are trying to spread rumours that JPSI may not host 2014 Indian GP. This is totally baseless and malicious,” a spokesperson for Jaypee explained.

“Our agreement with Formula One Management is to hold F1 races at Buddh International Circuit (BIC) till 2015, and we are fully committed to do that.

“There is no reason for us to give up hosting F1 races.”

The Formula 1 circus heads to India for the sixteenth round of the 2013 season on the weekend of 25-27 October.

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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.