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F1 doesn't need US GP, says Ecclestone
by Andrew Fagan
June 14, 2007
INDIANAPOLIS, United States (AFP) - Ahead of Sunday's U.S Grand Prix, Formula One chief Bernie Ecclestone has warned the owners of the Indianapolis Motor Speedway (IMS) that he may take the event elsewhere in future years.
Though the IMS administration has expressed an interest in extending their current contract (which expires after Sunday's race) the long-term future of the U.S. Grand Prix is unclear and Ecclestone does not seem overly bothered.
"It is not vital to Formula One to be in the United States," 76-year-old Ecclestone told Britain's Daily Express newspaper.
"There are bigger markets for us to be in, in other parts of the world. We could be in India soon instead of the United States. We don't have a lot of sponsors from the U.S., no American teams and only one driver.
"I get along with (IMS owner) Tony George and I hope we can strike a deal, but we have offers from other places in the U.S. too," he added.
Indianapolis has hosted the U.S Grand Prix since 2000. But with new races in Singapore and Valencia to be introduced next year and with Abu Dhabi, South Korea and now India also due to be added to the calendar, it seems likely that some fixtures will need to be removed.
The Grands Prix in France, England and now the U.S. are all rumored to be under threat.
IMS president Joie Chitwood has confirmed that George is looking to meet with Ecclestone with a view to ending the speculation one way or the other.
"The hope is, from the dialogue we'll have at the event, that we'll have a result, whether it's here or not," Chitwood said.
"I think both parties would like to have some closure so we can let the fans know what's happening. Uncertainty is tough for everybody and more importantly for the fans, from a business standpoint.
"I think now is the time for discussion of a longer term agreement. We don't want to continue doing one-year contracts.
"I can tell you that Tony and Bernie had a phone conversation last week and they plan to have one here this week. We're hoping to discuss the future of the event, but nothing's been resolved yet."
F1 doesn't need US GP, says Ecclestone
by Andrew Fagan
June 14, 2007
INDIANAPOLIS, United States (AFP) - Ahead of Sunday's U.S Grand Prix, Formula One chief Bernie Ecclestone has warned the owners of the Indianapolis Motor Speedway (IMS) that he may take the event elsewhere in future years.
Though the IMS administration has expressed an interest in extending their current contract (which expires after Sunday's race) the long-term future of the U.S. Grand Prix is unclear and Ecclestone does not seem overly bothered.
"It is not vital to Formula One to be in the United States," 76-year-old Ecclestone told Britain's Daily Express newspaper.
"There are bigger markets for us to be in, in other parts of the world. We could be in India soon instead of the United States. We don't have a lot of sponsors from the U.S., no American teams and only one driver.
"I get along with (IMS owner) Tony George and I hope we can strike a deal, but we have offers from other places in the U.S. too," he added.
Indianapolis has hosted the U.S Grand Prix since 2000. But with new races in Singapore and Valencia to be introduced next year and with Abu Dhabi, South Korea and now India also due to be added to the calendar, it seems likely that some fixtures will need to be removed.
The Grands Prix in France, England and now the U.S. are all rumored to be under threat.
IMS president Joie Chitwood has confirmed that George is looking to meet with Ecclestone with a view to ending the speculation one way or the other.
"The hope is, from the dialogue we'll have at the event, that we'll have a result, whether it's here or not," Chitwood said.
"I think both parties would like to have some closure so we can let the fans know what's happening. Uncertainty is tough for everybody and more importantly for the fans, from a business standpoint.
"I think now is the time for discussion of a longer term agreement. We don't want to continue doing one-year contracts.
"I can tell you that Tony and Bernie had a phone conversation last week and they plan to have one here this week. We're hoping to discuss the future of the event, but nothing's been resolved yet."