Bernie Ecclestone has countered speculation that the proposed race in New Jersey may not happen next season, despite sources quoting him as saying the next couple of months would be crucial to its future.

The BBC broadcast an interview with the F1 supremo in which he appeared to suggest that, while the troubled development at Sochi in Russia would be fine in time for next season, he could not be so sure about the second American event he wants to add to the schedule, claiming that a decision on its viability would be made in the coming weeks.

The race's proposed debut in 2013 was publicly postponed amid concerns that the infrastructure would not be ready but, behind the scenes, Ecclestone was bothered by the fact that red tape and financial shortfalls were strangling the project and making it default on contractual obligation with FOM.

However, in a separate Barcelona interview with Reuters, Ecclestone insisted that the Port Imperial project was still on course to take up its spot in a likely double-header with the Canadian Grand Prix after revealing that the sport had made a contribution to its financial situation.

"There's no reason why it shouldn't happen," the octogenarian insisted, "We've put money behind it to pay a lot of the things off, a lot of their debts, so I'm hoping now we are going to get it together. We're going to try and make it happen next year."

The promoters of the New Jersey event announced earlier this week that Chris Pook, the founder of the Long Beach Grand Prix, had been added to the management team, effectively ending speculation that Ecclestone had teamed up with his old friend to try and coax the Californian event back into the F1 fold.

"[Pook] knows all the things not to do, which is important," Ecclestone confirmed, "The other people weren't sure what not to do - they thought they knew what to do, but not what was the important thing."

The money 'invested' in the Port Imperial project will be recovered when the event finally takes place, Ecclestone confirmed.



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