The circuit owners had stipulated a deadline of July 9th for confirming a deal to hold the race. But circuit owner Tony George and F1 commercial boss Bernie Ecclestone failed to agree on the fee for the race.
F1 didn’t do itself justice at the spiritual home of American motor racing – farcical events in 2002 and 2005 massively harmed the series’ reputation.
Ecclestone has been talking about arranging a race at Las Vegas based on the streets around the famous neon-lit strip. If he has a deal lined up to race there it’s possible that he refused to give George a favourable deal even in the light of the ’02 and ’05 races.
IMS had agreed to just a one-year contract extension in 2006
There had also been talk of changes to the circuit to accommodate a forthcoming Moto GP race which would have altered the configuration of the F1 road circuit.
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