Bernie Ecclestone says the BBC cannot end its contract to broadcast F1 early.
, it was reported that ITV is expected to take over the Formula 1 free-to-air coverage in the United Kingdom next year due to cost-cutting measures being implemented by the corporation.
However, Ecclestone is adamant there is no get-out clause.
“The bottom line is that they are cutting back on all types of sport and if we really, really, really had to, we'd say 'you have got a contract and you better get on with it.' They can't leave the contract early,” Ecclestone told the Press Association
“The Beeb have always done a very, very good job. I have no problem at all with them.”
The BBC returned to broadcasting F1 in 2009 after a 12-year gap when ITV held exclusive rights to the series and was the sole UK broadcaster for three years until Sky Sports stepped in.
Under the current deal – thought to cost the corporation around £20 million per year – it shows roughly half of the races live, and highlights of the others.
Asked if it was possible ITV could take over from 2016, Ecclestone added: “To do that we would have to agree to have that done so I don't know.
“We like the BBC for obvious reasons.
"At the moment I don't know what we are going to do.”