Organizers of Circuit of The Americas responded to reported statements in the media by Bernie Ecclestone as follows:
“We have been excited for and working towards a 2012 USGP race and now understand that Mr. Ecclestone is interested in moving the Austin race to 2013. We know the US market is important to the teams and their sponsors and 2013 certainly allows time for the Circuit of The Americas to be ready.”
The Associated Press reported that the 2012 US Grand Prix would be canceled unless organizers sign a contract with Ecclestone by the end of next week and prove they have the money to put on the race.
"It's all very simple -- they don't have the money," Ecclestone told the AP on Thursday. "We don't have a contract. If they want to come back to us, if it's not signed before the end of next week, I suppose it won't be on the calendar next year."
Ecclestone wants a guarantee or a letter of credit that he will be paid, the AP reported.
"We have been working on this now for quite a few months and years so we can't do any more," he said. "We have a World Motor Sport Council meeting on the 7th of December and we need to prepare everything before that."