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BARCELONA, Spain - Formula 1 has put money into New Jersey's postponed GP of America to ensure it will go ahead in 2014.
The riverside race, with the New York skyscrapers as a backdrop, was supposed to be run in 2013 but was postponed to 2014 - June, probably - because organisers apparently needed more time to prepare.
'MORE PROMISING'
Before the postponement F1's commercial boss Bernie Ecclestone had raised doubts about the race going ahead and said local organisers had not complied with terms and conditions. The contract lapsed.
He said on Saturday, ahead of the 2013 Spanish GP, that the picture was now much more promising.
"There's no reason why it shouldn't happen. We've put money behind it to pay a lot of things, a lot of their debts," he said. "I'm hoping we are going to get it together, to try to make it happen in 2014."
The debts would be recovered after the race.
Chris Pook, a long-time Ecclestone associate who organised a GP in Long Beach, California, from 1976-83, has joined the New Jersey senior management team as special assistant to its chairman Leo Hindery.
Pook's role will be to advise on all aspects of construction, planning and execution of the race at Port Imperial.
"He knows all the things not to do," Ecclestone said. "The other people weren't sure what not to do."
There has been talk of Long Beach being revived as an F1 venue to give the US a West Coast race as well one on the East Coast and one in the middle at the new circuit in Austin, Texas - though really that should be called a southern race.
Stay with Wheels24 for the 2013 Formula 1 season – fresh reports every day.
The riverside race, with the New York skyscrapers as a backdrop, was supposed to be run in 2013 but was postponed to 2014 - June, probably - because organisers apparently needed more time to prepare.
'MORE PROMISING'
Before the postponement F1's commercial boss Bernie Ecclestone had raised doubts about the race going ahead and said local organisers had not complied with terms and conditions. The contract lapsed.
He said on Saturday, ahead of the 2013 Spanish GP, that the picture was now much more promising.
"There's no reason why it shouldn't happen. We've put money behind it to pay a lot of things, a lot of their debts," he said. "I'm hoping we are going to get it together, to try to make it happen in 2014."
The debts would be recovered after the race.
Chris Pook, a long-time Ecclestone associate who organised a GP in Long Beach, California, from 1976-83, has joined the New Jersey senior management team as special assistant to its chairman Leo Hindery.
Pook's role will be to advise on all aspects of construction, planning and execution of the race at Port Imperial.
"He knows all the things not to do," Ecclestone said. "The other people weren't sure what not to do."
There has been talk of Long Beach being revived as an F1 venue to give the US a West Coast race as well one on the East Coast and one in the middle at the new circuit in Austin, Texas - though really that should be called a southern race.
Stay with Wheels24 for the 2013 Formula 1 season – fresh reports every day.