Mexican Grand Prix organizers have revealed they missed the deadline for inclusion to host the race in 2020 with crisis talks with Formula 1 owners Liberty Media underway.
The Mexico Grand Prix recently lost a large percentage of its central government funding and with its current contract set to expire at the end of this season it seems negotiations have not got off to a good start.
Mexico’s current contract is due to expire at the end of 2019, and is one of five grand prix’s up for renewal along with Spain, Silverstone, Monza and Hockenheim
A statement issued by the Mexican organisers said: "After the deadline to keep the date that we were using for the Formula 1 Mexican GP expired, we would like to communicate that the promoters of the event had lost their preferred rights to keep that date in the 2020 calendar. Nevertheless, the negotiations either with F1 and the authorities of our country are still on course with the best spirit to find an alternative to keep the competition in Mexico."
Mexico’s return to F1 in 2015 following a 23-year absence and has witnessed the crowning of Lewis Hamilton as champion twice in successive seasons in front of sell-out crowds.
F1 CEO Chase Carey has downplayed the ongoing question marks over the unsigned deal. Next year’s provisional calendar is yet to be finalized with Vietnam confirmed as the only new event confirmed so far, although Carey was unable to secure Miami as an additional USA Grand Prix he claims there is a lot of interest from potential new races but also insists that the priority was to finalize deals with existing events.
