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F1 CEO responds to 'strange' criticism from circuit bosses

Formula One's CEO, Chase Carey, says criticism aimed at the sport by race promoters last week was "strange" and insists it will not change F1's plans for the future.

The Formula One Promoters' Association (FOPA), which represents 16 of the sport's grand prix venues, issued a statement last week flagging concerns about pay TV deals, a lack of clarity over new initiatives and the introduction of new venues at the expense of existing races.

The statement was sent out on the eve of F1's annual meeting with race promoters in London and comes at a time when the contracts of five races -- the British Grand Prix, Italian Grand Prix, Spanish Grand Prix, Mexican Grand Prix and German Grand Prix -- are due to expire at the end of this season.