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China confident about extending GP contract

ESPNF1 Staff
April 30, 2010 « No F-duct for Red Bull in Barcelona | »
Promoters of the Chinese Grand Prix and Bernie Ecclestone are in negotiations © Sutton Images
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The Chinese Grand Prix appears to be edging closer to an extension of its contract with Bernie Ecclestone.

There is currently no deal in place for a 2011 race, and with lower than expected attendances since the inaugural event in 2004, there were some doubts about the future of the grand prix. However, at this year's race Ecclestone said: "The contract is ongoing here. We renew every five years. It will go on." He added that the government, which funds the event, is "fully supportive" of future races.

Race promoter Juss Events' Leon Sun has now said he is in no rush to finalise a deal but is confident one will be in place in time for 2011.

"It hasn't been announced because there are still a few technical issues to be sorted out but we're in good shape," he told Reuters. "It looks good at the moment. We've got until October this year to sort it out but I'm confident that we'll have something before that."