New investors are expected to be announced next week, and organisers believe making the best short-term financial decision is key to the project's long-term outlook.
The Los Angeles leg will not be replaced, but organisers are confident that Grand Slam Track will continue in 2026, with LA likely to be on the circuit.
Ticket sales have been slow, and sponsorship and broadcast revenues have not met expectations, with the cancellation saving organisers around £2.2m in prize money and travel expenses.