Ecclestone not accepting counter-offer for 2012 US GP

By on Friday, November 25, 2011

Bernie Ecclestone has cast doubt on whether the 2012 US Grand Prix will take place

Bernie Ecclestone insists a US grand prix in Texas next year remains unlikely, despite race organisers announcing they are now "ready" to pay the sport its overdue sanctioning fee.

With the Circuit of the Americas project reportedly dying, the organisers issued a statement on Thursday announcing they are willing to make "an immediate cash payment".

"He (Ecclestone) hasn't received it yet because the new contract presented to us two weeks ago contained unrealistic and unfeasible demands," said founding partner Bobby Epstein.

"We have signed and returned a contract similar to what we anticipated receiving."

He admitted the 2012 race will only take place as scheduled if F1's 81-year-old chief executive returns the revised contract "in the coming few days".

That appears highly unlikely.

"I doubt it," Ecclestone, holding a copy of the Circuit of the Americas statement, told reporters at Interlagos.

Asked about Epstein's complaint that the proposed deal is "unrealistic and unfeasible", he said: "Yeah, well they shouldn't sign it. My advice to them is don't sign it. And they probably won't get the opportunity."

If you liked this post then share it with your friends on social media websites. You can also follow us on Facebook and Twitter to stay up to date with the latest F1 news.