Formula One

 
           === F1 grand prix in New Jersey put on hold until 2014 ===
 
 London,  England (Sports  Network) -  Formula One  top boss  Bernie Ecclestone
 confirm  on  Friday that  the inaugural  Grand Prix of  America in New Jersey,
 scheduled for next June, has been postponed until 2014.
 
 According to a report from the New Jersey Star-Ledger on Thursday, the race on
 the  streets of  Weehawken and West New Work, N.J. "has been postponed because
 local  organizers  haven't raised  enough sponsorship money  and are behind in
 obtaining permits needed to alter local streets."
 
 The  race is to be contested on the 3.2-mile Port Imperial street circuit that
 runs  along the banks of the Hudson River in Weehawken and West New York, with
 the Manhattan skyline as its backdrop.
 
 In  confirming reports  that the GP of  America has been delayed for one year,
 Ecclestone  said  race organizers had  not met the  terms of the contract. For
 months,  there  had been speculation that  the New Jersey event would not take
 place next year.
 
 "It  is  not going to  happen next year,"  Ecclestone told Eurosport. "If they
 came  up with the contract with us and we were satisfied the question is could
 they carry out the work in six months? Winter in New York is not good."
 
 The GP of America was slated as the eighth round in the 20 grand prix calendar
 for 2013. There are currently no plans for a replacement event next year. Last
 month,  F1's  governing body, the FIA,  released the schedule for the upcoming
 season.  The round  in New  Jersey was  listed as  a provisional  addition and
 subject to confirmation.
 
 "We are going to be racing at Port Imperial, unfortunately just not as soon as
 we hoped and expected," race promoter Leo Hindery Jr. said in a statement. "We
 promised  (New  Jersey) Gov.  (Chris) Christie,  the towns,  the sport and its
 international  fans  the best  possible experience,  and unfortunately we need
 additional time to ensure that happens."
 
 Next  month, F1 will  compete in Austin, Texas, making it the first grand prix
 to  be held in the United States since 2007. The new Austin track, the Circuit
 of the Americas, will host the USGP each year up to 2021.
 
 10/19 11:58:54 ET

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