United States Grand Prix Austin

US Grand Prix will happen for sure says Ecclestone

United States Grand Prix Austin

Formula 1 supremo Bernie Ecclestone expects next year’s U.S. Grand Prix in Austin to go ahead, despite lingering doubts about state funding, but is less certain about the sport finding new owners in the near future.

“It will be (on), for sure, they will sort their finances out,” the 85-year-old said in a wide-ranging post-season interview with Sky Sports television.

The 23 October race in Texas, the only round in the United States and important for teams and sponsors, is on the 2016 calendar with an asterisk against it as subject to agreement with the commercial rights holder.

Ecclestone expressed concern last month after media reports that Texas state subsidies were being reduced by more than 20 percent to around $19.5 million. Bad weather this year also hit revenues significantly.