Bernie Ecclestone has given COTA an extra week to save the US GP.
Ecclestone had insisted that today was the final chance, and it’s believed that COTA’s Bobby Epstein and Steve Sexton met with him in London.
The extra week will push the decision all the way to the crucial World Motor Sport Council meeting in Delhi on December 7.
“The deadline hasn’t been met so we are still trying to make it happen,” Ecclestone told AP tonight. “They need to get some money and a pen. They are struggling to get the financial side sorted out.”
He added: “If it isn’t all signed before the World Motor Sport Council meeting [the race] can’t happen.”