From correspondents in London, England, 10:00 PM IST

The future of the British Grand Prix is to be decided by December, Formula One supremo Bernie Ecclestone said Sunday.

'If we do not have a signed contract by then, there will not be a British Grand Prix,' Ecclestone said on BBC radio.

The 2010 race was to be held in Donington Park, but organizers could not secure the finance and the race was then meant to be held at Silverstone, where it has been held previously.

But negotiations with officials there have been stalling and Ecclestone has not given them an ultimatum.

At the next meeting of the Formula One Commission a decision will be taken whether the race will be included in the race calender, Ecclestone said.

(Staff Writer, © IANS)