"Nothing is happening" - Jim Michaelian, president and CEO of the Long Beach race
Apr.25 (GMM) The bosses of the iconic US street race have denied reports Formula One is interested in adding Long Beach to its annual calendar.
Reports this month said that with Indycar's contract expiring, Bernie Ecclestone and F1 sponsor agency chief Zak Brown have expressed interest in snapping up the California event.
McLaren driver Michael Andretti promotes some Indycar races and he observed: "Why would they sell it?"
He was referring to Long Beach race owners Kevin Kalkhoven and Gerald Forsythe.
The president and CEO of the race, Jim Michaelian, said: "This is a story that keeps bouncing around every year or so, despite the fact that the race isn't for sale and there's been no contact between anyone and Kevin about a sale.
"Nothing is happening," he told the Long Beach Press-Telegram.
"To keep speculating, playing this 'what if' game, just encourages more rumours that don't amount to anything," he added.
Earlier, Kalkhoven had said he would only consider selling Long Beach if "stupid money" was being proposed.
"Gerry and I are not interested in selling Long Beach," he added.