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FIA releases schedule for 2012 Formula 1 season – Formula 1 news

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FIA releases schedule for 2012 Formula 1 season – Formula 1 news
Following the confirmation for the US Grand Prix to go ahead as planned, the FIA World Motor Sport Council has released the race schedule for the 2012 Formula 1 season.
There had been some serious questions over the likeliness of the US Grand Prix in the 2012 season, as the under development Austin circuit faced financial complications. The organisers failed to pay the fee required to guarantee a Grand Prix.
It was being speculated that Formula 1 boss Bernie Ecclestone will have to look for alternate circuit for the Austin GP as it almost looked certain that the circuit will not be ready in time as construction came to a halt and later revealed that the contract
between Formula 1 management and Austin circuit organizers. 
Although recently Ecclestone extended the deadline and presented a new contract, which was signed and approved on by both parties and the Austin circuit got the nod of approval to go as scheduled.
Bahrain GP was scrapped due to political instability in the country during the 2011 season and again rumours have been flowing that it might be cancelled again for the 2012 season, but F1 chief Ecclestone has slashed any such rumours and announced that the
Bahrain GP will most certainly go ahead as planned.
As both issues apparently have come to a resolution more or less, the FIA has finalized the calendar year for 2012. The addition of the Korean GP was a relief for the Korean organizers as earlier due to some financial losses the Korean GP organizers had
asked Ecclestone for amendments to the terms and conditions of the contract and a lesser percentage for the hosting fee so that they can convert deficit into profits.
Ecclestone too blasted any such notions and went so far to say that he is not even sure that the Korean GP will be added the calendar year in the future. It was almost certain to make the 2012 calendar year though but the future still remains uncertain.
It will again be a packed calendar with a maximum of 20 Grands Prix to go ahead with more circuit outside of Europe being added, which further confirms Ecclestone’s claim to leave only five races for Europe in a calendar year in the coming years.

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