Bernie Ecclestone has said the French Grand Prix could return as early as next year. France last held a race in 2008, but a lack of money and a failure to improve Magny Cours saw it fall by the wayside.
However, Ecclestone is ready to do a deal that would restore the race in 2013 as a replacement for the Grand Prix of America in New Jersey, which has been delayed by a year owing to construction woes Asked yesterday whether there was a chance of the French GP returning, he replied: "As far as I'm concerned, yes. I'm hoping something can be done in a couple of weeks."
Ecclestone has also confirmed the prospect of a cost cap being introduced from 2014, with the budget being set at $250m (£155m).