Formula One supremo Bernie Ecclestone and organiser of the Indian grand prix Jaypee Group have confirmed that the race will not take place in the 2014 season.
Although recent speculation cited the cancellation for tax reasons, the two parties confirmed today that the date of the grand prix was an issue, with Formula One Management (FOM) wanting to host the race in the first half of the season and Jaypee Group preferring an October/November date.
Giving in to Ecclestone’s preferences, the Jaypee Group would be unable to afford the licence fee to host a race in October 2014 and then in early 2015.
Ecclestone told IANS: “When we signed the five-year deal with Jaypee, we were keen on going to India in the first half and Jaypee wanted it to be in October. We gave in at that time, but now it looks we will have the race early 2015.
“It was too close. Therefore, after speaking to promoters, we think it is best not to have a race in 2014 and have one in 2015. We will have to club India with the four rounds in the Asia-Pacific region [in 2015].”