Indianapolis officials and Bernie Ecclestone have penned a new one-year deal for a United States grand prix in 2007.
The contract was signed on Wednesday for a race probably in mid-June, according to the Indianapolis Star newspaper, but the financial terms of the agreement were not known.
Motor Speedway CEO Tony George explained that the deal is only for one race because a formula one ‘Concorde Agreement’ for 2008 and beyond is still not signed.
He said: ”There are too many unanswered questions to commit any longer than that. But our intention is to be long term.”