Having handed Silverstone a reported deadline of December to agree a deal to host the British Grand Prix next season, F1 commercial rights holder Bernie Ecclestone has now suggested that Donington Park's hopes of staging the race aren't yet at an end.

Ecclestone had pulled the plug on Donington's plans when Donington Ventures Leisure Limited failed to raise the money needed to fund the extensive redevelopment work, with DVLL then entering administration earlier this week.

Administrators have already announced that they are keen to try and find a backer who can complete the work needed to get the circuit back into a usable state and Ecclestone said he would be prepared to enter talks with any new investor with a view to Donington hosting F1.

"Definitely," he told BBC Derby when asked if he would enter talks. "If someone comes along with the right ideas and funding, then yes."

While the amount of work required at Donington would make it appear that the chances of hosting F1 are slim at best, administrator Nigel Price said he was encouraged by Ecclestone's comments.

"I think its tremendously encouraging," he said. "Without meaning to pre-judge anything Bernie might wish to do, I think he's clearly shown a desire in the past to put F1 at Donington.

"Therefore, if we can find someone with the financial clout and drive to get something done and quickly, I'm sure he would consider doing that still."

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