2012 Formula One World Championship
Organisers of the Korean Grand Prix said they were unhappy with the terms of their contract with Bernie Ecclestone and Formula One Management, particularly the cost of race-sanctioning fees, and asked to make a new contract, seeking more-favourable terms. However, Ecclestone ruled out renegotiations, stating that the initial negotiation process had been difficult enough, and that the organisers were aware of the terms of the contract when they first signed it. Ecclestone has stated that in the event that race organisers can not pay sanctioning fees, the Korean Grand Prix will be removed from the calendar. The final calendar released in December kept the Korean Grand Prix intact.