Indianapolis will not hold a Formula One race next year after organisers failed to reach a new deal with Bernie Ecclestone, according to reports coming out of America.
The speedway's chairman Tony George had set a deadline of this week to finalise a new contract with Ecclestone, but talks are reported to have stalled after the circuit could not agree on a sanctioning fee.
According to the reports, track spokesman Ron Green has confirmed that there will be no race in 2008. However, events in the longer term have not been ruled out.
The news will be a blow to F1 teams who believed that holding a race in the United States was important for the sport.
It is thought unlikely that any of Ecclestone's talks with other venues in the United States are advanced enough to allow a race to take place next year.
Autosport has produced a standalone special magazine to celebrate our 70th birthday. All current print subscribers will receive a copy for free. To order your copy of the 196-page Autosport 70th Anniversary issue, please go to: autosport.com/autosport70th