Organisers of the Indian Grand Prix have dismissed rumours about the race being dropped after 2014.
There were rumours about the financial situation of Jaypee Sports International surfaced on Tuesday.
These rumours were quashed during a statement by JPSI today.
“Some international news organisations are trying to spread rumours that JPSI may not host 2014 Indian GP. This is totally baseless and malicious,” a spokesman said.
“Our agreement with Formula One Management is to hold F1 races at Buddh International Circuit (BIC) till 2015, and we are fully committed to do that. There is no reason for us to give up hosting F1 races.
“In fact, JPSI is keen to get some more international car and bike races to BIC, besides F1 and the World Superbike Championship which will be held this year on November 17.”
The Buddh International Circuit joined the F1 calendar in 2011 and received praise from fans about the circuit. This year’s race is scheduled to take place at the end of October.