Bernie Ecclestone says he is in no doubt that the United States Grand Prix will go ahead in 2016, despite a cut in local funding from the Texas state towards the Circuit of the Americas.
The Austin venue suffered a drop in spectator numbers in 2015 after the event was hampered by a storm front, which prevented much meaningful running from taking place either on Friday or Saturday, though the race did go ahead as planned.
However, the COTA venue was hit hard by more storms and flooding the following week, only to then see its state funding cut by 20 per cent towards the end of the 2015 season. As a result, the US GP is currently listed as 'provisional' on the 2016 F1 calendar.
Though Ecclestone says he has no plans to budge on the sanctioning fees, he told the BBC
he is 'absolutely' certain the race will go ahead as planned on October 23rd despite the cut.
"The state funding depends on the amount of people that attend the race," explained Ecclestone.
"As it rained and a lot of people didn't turn up, their funding went down. I have no doubts [F1 will be there in 2016].”
COTA is still scheduled to host world championship rounds of the MotoGP World Championship and the World Endurance Championship.