Bernie Ecclestone admits there is "nothing we can do" to help Monza save the Italian Grand Prix and has set a deadline of the end of the month for a resolution.
2016 is the final race at Monza on the current deal, with Automobile Club d'Italia (ACI) president Angelo Sticchi Damiani having previously voiced his confidence that a new deal would be agreed. However, recent meetings have failed to provide an agreement and Ecclestone now says the future of the race is out of his hands.
"It's Italian. A lot of conversations at the moment and not much action," Ecclestone told Reuters.
"They said to me a few months ago 'everything is sorted out, we know exactly where we are and it's all agreed and no dramas'. And now I heard yesterday it's become very political...they'll get on with it. Or not. Nothing we can do about it."
And Ecclestone says he wants a final decision made on Monza's future by the end of February.
"I don't know what's going to happen. It's a little bit Italian at the moment. The only people that can sort this out are the people that are currently involved in Italy.
"There's no deadline. They can take as long as they like, provided it's by the end of this month."
Fighting over one last seat - the drivers in the frame at Manor
Key dates for the 2016 F1 season
Keep up to date with all the F1 news via Facebook and Twitter
Sky F1's Martin Brundle suspects George Russell has every reason to look back on Monza…
On this day in 1979, Jody Scheckter delivered the world title to himself and to…
The legend of the Iceman officially enters its next generation. Robin Räikkönen, the 11-year-old karting…
Lewis Hamilton has moved to extinguish any fears that his opening-lap clash with Charles Leclerc…
Mercedes boss Toto Wolff has watched Kimi Antonelli’s rise from promising rookie to Formula 1…
Williams is turning the clock back in Madrid, swapping the familiar modern-day colours of its…