Bernie Ecclestone says next year's US Grand Prix is set to be axed
http://news.bbc.co.uk/sport2/hi/form...e/15766613.stm
The Texas state government then issued a statement saying that $25m (£15.8m) that had been earmarked to pay the sanctioning fee to Ecclestone would not be paid until after the first race.
And Circuit of Americas (Cota) bosses responded by saying they had not been sent a contract.
Ecclestone, who was talking to the Press Association, said no contract had been issued because he had yet to receive a guarantee or letter of credit that he would be paid.