The Chinese Grand Prix will continue beyond the 2010 season. Bernie Ecclestone, president CEO of Formula One Management and Formula One Administration, has stated answering doubts about the future of the loss making race which had initially signed a 7 year deal in 2004 due to expire with the seventh race this season. It was rumoured that the organisers wont renew the race contract owing to the super large losses being made by the race.
Ecclestone : “The contract is ongoing here, it will go on as a rolling contract. I’ll be here next year also.”, “We’ve talked to them all the time about everything, we’re happy with everything, no dramas,” Bernie Ecclestone told reporters at Shanghai”.