Ecclestone says Italian GP could meet same fate as Germany race in stark warning for organizers

Formula One boss Bernie Ecclestone has issued a stark warning for Italian Grand Prix organizers, saying that he is prepared to let the Italy race follow the Germany route by dropping it off the calendar.

Ecclestone revealed that what goes, goes when he was questioned if the historic race at Monza, first run in 1950, could also fall victim after this year's German race was cancelled.

Ecclestone said that there are lots of things they all would like, but added that they don't have them because they can't afford them,News.com.au reported.

Ecclestone, speaking at Sepang ahead of the Malaysian Grand Prix, could not confirm whether the German race would go ahead next year. He said that Malaysia would probably extend its contract, which runs out after Sunday's race, but insisted that a new deal had not yet been signed.

Ecclestone admitted that it would be terrible if Europe lost its remaining races, and would effectively mean Formula One was no longer a world championship.

However, the Formula One boss claimed that it's funny how these people dig up all this money for things like the Olympics, swimming championships, European athletics and God knows what else to boost the country.

Ecclestone said that the trouble in Germany was the Nurburgring spent an awful lot of money which they borrowed, didn't need to spend what they spent and therefore didn't need to borrow the amount they borrowed. He claimed that they forgot to pay it back and that caused a few ripples, adding that it sent a bad message.