The first Hungarian leg of MotoGP is being put off until spring 2010 due to financing difficulties.
The Spanish organisers of the Hungarian Grand Prix say the delay is due to difficulties in drumming up financing for construction of the race track near Savoly, 180 kilometres from Budapest.
They've already invested almost 20 million euros in the project but the total costs are estimated to amount to four times that.
Hungary announced last July that it planned to build a motorcycling circuit to host MotoGP competitions from 2009 onwards, with the Hungarian leg to replace the Shanghai MotoGP in China.
Motorsport has become increasingly popular in Hungary, with home talent Gabor Talmacsi winning the 2007 MotoGP 125cc world championship.