Formula 1 ringmaster Bernie Ecclestone has dismissed ideas of staging a London Grand Prix.

According to reports by BBC Sport Online, Mr E has spoken again to London mayor Ken Livingston about the prospect of a race in London, but he now believes that it would be too expensive - and too disruptive to do.

"The place would be upside down for six weeks. Nice as it'd be, I didn't think it was possible," said Bernie, when asked about the matter.

Asked if Livingston would be supportive of such a proposal, Ecclestone added that, while he was keen, he couldn't do enough to make it viable.

"He was happy to support it up to a point," Ecclestone continued, "but the amount they could support it by wouldn't have been anywhere near enough to make it viable."

As for whether a London Grand Prix could be tied in with the 2012 Olympic Games, Mr E again said he didn't think that was likely.

"I don't know how it could tie in with the Olympics. The Olympics will stand on its own. It won't need any support, hopefully," he explained.

Currently, the British Grand Prix is staged at Silverstone and the Northamptonshire track will again host the event this coming weekend, the ninth round in the 2007 FIA Formula 1 World Championship.

Silverstone's deal to stage the event expires at the end of 2009 though, and a new deal is dependant on development.

The owner of Silverstone, the British Racing Drivers' Club, reiterated its plans again last week, with president Damon Hill noting that, while there is no room to be complacent, he is hopeful a new deal will be signed and that BRDC's 'Master Plan' will succeed in revamping the circuit.

"I am confident it [the British GP] will be there [on the calendar in 2010]," he told "I think everyone wants it - Formula 1 wants it. Sense will prevail and we will go forward."

For the record, talk of a 'London Grand Prix', was first mooted following the 'F1 comes to Regents Street' event back in 2004, which attracted around half a million people.



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