Bernie Ecclestone confirms U.S Grand Prix will go ahead
Formula One boss Bernie Ecclestone has announced that the 2016 U.S Grand Prix in Austin will definitely take place, amid concerns surrounding state funding.
Speaking in an interview with Sky Sports, Ecclestone said: "It will be (on), for sure, they will sort their finances out."
The future of the Austin Grand Prix – the only race that takes place in America – was in doubt as an agreement with the commercial rights holder had yet to be confirmed.
Bad weather hit this year's race, affecting revenue. On top of this, Texas state subsidies were being reduced by more than 20 per cent to nearly $19.5 million.
Ecclestone has been in the news again recently, with the future of F1's leadership in the spotlight.
However, he was quick to point out that a change in leadership may not come around as quickly as some think.
With controlling shareholder CVC Capital likely to decide on a possible takeover in March, Ecclestone said to Sky: "The bottom line is simple: in the end, the major shareholder really doesn't want to sell. That's really the truth of things.
"People keep tempting him. And one day maybe... at the moment, there's people that may be doing a little more than in the past. But I think it will be difficult to get him to say yes."
Ecclestone also commented on the recent driver crisis at Mercedes, after motorsport head Toto Wolff said that the team could possibly change its driver line-up should the relationship between Lewis Hamilton and Nico Rosberg get any worse.
Ecclestone said: "He's got a contract so he can hardly be set aside. And I can't imagine a team would want to get rid of one of their best assets."