Bernie Ecclestone, president and CEO of Formula One Management and Formula One Administration says that the sport "will not be big in America because US has been slow to get F1 because they want to see a profit before they start."
Formula 1 race has been scheduled in United States with a race in Texas in 2012 with a second race being planned in New Jersey in the year 2013.
Ecclestone also says that a grand prix has not been held in South Africa since 1993; hence he is in a plan to launch 2013 grand prix in South Africa.
It was announced in October that a second American grand prix would be held in New Jersey for 10 years from 2013.
Bernie Ecclestone, CEO of Formula 1, said that Bahrain had paid the fee to host 2011 grand prix even after their race was cancelled.
Formula 1 race has been scheduled in United States with a race in Texas in 2012 with a second race being planned in New Jersey in the year 2013.
Ecclestone also says that a grand prix has not been held in South Africa since 1993; hence he is in a plan to launch 2013 grand prix in South Africa.
It was announced in October that a second American grand prix would be held in New Jersey for 10 years from 2013.
Bernie Ecclestone, CEO of Formula 1, said that Bahrain had paid the fee to host 2011 grand prix even after their race was cancelled.
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