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SBD Global/August 22, 2014/Events and Attractions

F1 CEO Bernie Ecclestone Dashes Hopes Of Indian Grand Prix Returning In 2015

F1 CEO Bernie Ecclestone on Thursday asserted that the "troubled Indian Grand Prix has run out of time" for a '15 return and its organizers "must settle the contractual obligations for a possible comeback" in '16, according to the PTI. Ecclestone was "hoping the race organisers, Jaypee Group, will sort out the five-year contract in time for a return next year" but that has not happened yet, leaving the Buddh Int'l Circuit owners "too little time to get the event back on track." Ecclestone: "It is too late for 2015. We are looking at 2016 now and hopefully the tax issues in India will also be sorted out by then." The tax and bureaucratic setup in India has made the teams and Formula One Management "uncomfortable, putting the high-profile event in further jeopardy" (PTI, 8/21).
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