• Bahrain organisers will not have to pay for cancellation
• ‘I am not charging them for a race they are not getting’
Bernie Ecclestone will not be charging the organisers of the Bahrain grand prix for calling off the race.
The political unrest in the Gulf kingdom resulted in the Crown Prince of Bahrain, Salman bin Hamad bin Isa Al-Khalifa, informing Ecclestone on Monday that they would be unable to stage the race.
It was widely believed Bahrain would still have to pay the annual staging fee of £25m but Ecclestone, the sport’s commercial rights holder, has confirmed that will not be the case.
“The fee that is normally being paid for the event is not being paid,” Ecclestone told the Daily Telegraph. “I am not charging them for a race they are not getting. Whether they are covered by their insurers for loss of revenues, ticket sales, etc, I am not sure.
“But if anything is force majeure then that [the political unrest] is. It is similar to if an earthquake had struck. No one could have foreseen that a month ago.”
Ecclestone has also stated that if peace returns to Bahrain, then he will try his best to fit the race into the calendar later this year.