The Formula 1000 Championship Series is going through a restructuring of its 2012 schedule. Recently, the Series lost its private backing and was forced to postpone some of the high-profile events on its originally posted schedule and is looking to replace those events with some more cost effective SCCA National events, so that competitors may also use them towards the SCCA National Runoffs participation.

The much acclaimed east-west shootout event at Mid-Ohio has been cancelled. The loss of the Series financial backing coupled with low car counts prompted it demise. The west coast F1000 Pro Series, which originally included the Mid-Ohio event as the final race on their 2012 schedule, opted to hold a race at Miller Motorsports Park in Utah on the same weekend. The west coast series teams decided on Miller, as did some of the west coast-based teams from the Formula 1000 Championship Series.

It is no secret that due to the loss of its private backing, the Formula 1000 Championship Series was dealt a huge blow. But, with proper restructuring of its 2012 schedule and prize fund, the Series will continue while it searches for a Title Sponsor and or other financial backers.

The Formula 1000 Championship Series hopes to announce the restructured schedule in the next few weeks.