Time running out for F1's return to Indy in 2009

Time is running out for the United States return to the Formula 1 circus. Indianapolis Motor Speedway owner Tony George says that there is only two months left to get United States Grand Prix on the 2009 Formula 1 Schedule in time for the speedway's centennial celebration next year.

"It's 50/50, that it's safe," said George. "The last conversation I had was probably in February. For planning purposes, we would need to know fairly soon if it's part of our '09 calendar.

"They (F1) don't necessarily need to know now. They can wait until August, September, October to announce their calendar, and that doesn't work for us."

George is also searching for a title sponsor for the event, but most of the money from the title sponsor would go to Formula 1. The track, though, would be eligible for a "finder fee".

"It won't happen until we get some more commercial support - a title sponsor or whatnot," continued George. "There is still a gap to be bridged in the finances for it to make sense."

Time running out for new Indy deal (Autosport.com)