Bernie Ecclestone has given the organisers of the United States Grand Prix in Austin, Texas more time to try and save the race.
Ecclestone had wanted a contract signed yesterday [Wednesday], but he has now given the organisers an extra week. He has warned though, that if things are not sorted by the time the World Motor Sport Council meets on December 7 to ratify the calendar for F1 2012 then it won't happen.
“The deadline hasn't been met, so we are still trying to make it happen,” Ecclestone told The Associated Press
. “They need to get some money and a pen as soon as possible.
“They know full well. Deadlines are terrible things because people always go to the end of the deadline.
“But if it isn't all signed before the World Motor Sport Council meeting, it can't happen.”
Concerns about the event intensified last month, when Ecclestone said in Abu Dhabi that he wouldn't put money on it happening.
“They are struggling to get the financial side sorted out - that's the problem,” Ecclestone explained to The Associated Press
. "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 and I'd rather see the race happen than not.”
The event at the Circuit of the Americas is currently scheduled to take place from November 16-18 2012.