• Indian Grand Prix

Indian GP denies race is at risk

ESPN Staff
June 19, 2013 « Lotus investors talked with three other F1 teams | FIA claims no approval given »
The Indian Grand Prix's current contract runs until 2015 © Sutton Images
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The organisers of the Indian Grand Prix have denied rumours the race could be at risk next year.

Reports spread on Tuesday that organisers Jaypee International Sports could be in financial trouble, but the company was quick to issue a statement denying the stories.

"Some international news organisations are trying to spread rumours that JPSI may not host 2014 Indian GP. This is totally baseless and malicious," spokesman Askari Zaidi said.

"Our agreement with Formula One Management is to hold F1 races at Buddh International Circuit (BIC) till 2015, and we are fully committed to do that. There is no reason for us to give up hosting F1 races. We are fully committed to promote motorsport in India in collaboration with local government and global and local motorsport organisations."

India hosted its first Formula One race in 2011 and is set to stay on the calendar until at least 2015. This year's race will take place at the Buddh International Circuit on October 27.