The Grand Prix of America, scheduled to take place on a street circuit on the shores of the River Hudson in New York, has been postponed until 2014, F1 boss Bernie Ecclestone has confirmed.

"They've run out of time," Ecclestone told Reuters. "There's all sorts of things - and they didn't quite think it all through."

"They've had a wake-up call but the wake-up call came too late. They couldn't get everything ready in time," he added. "That's the bottom line."

The news follows reports that the promoters have fallen behind schedule in terms of obtaining the necessary permits for the race to use certain sections of the waterfront, while repairs to other areas of the dramatic multi-elevation course are also taking longer than expected.

According to local website, Weehawken mayor Richard Turner has said a formal announcement will be made later today.

The race, the second in the USA to be included on the F1 2013 calendar, was the one remaining event to carry an asterisk, denoting 'to be confirmed', when the FIA's World Motor Sport Council ratified the 20-race schedule at the end of last month.


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