PARIS (AP) — The U.S. Grand Prix has been included on the 2012 Formula One calendar, ending fears the race in Austin, Texas, would be cut for financial reasons.

The sport’s governing body said Wednesday on its website that the 2012 “calendar was confirmed as previously published.” The unchanged F1 calendar was approved at a World Motor Sport Council meeting in New Delhi, India.

The Nov. 18 event in Austin will mark F1’s return to the United States for the first time since 2007.

Last week, F1 boss Bernie Ecclestone gave U.S. GP organizers an extra week to save the Texas race by proving they had the necessary finances in place.

Backers of the race include billionaire businessman Red McCombs, a founding partner of event organizer Circuit of The Americas.

“Mr. Ecclestone received his check today,” McCombs said in a statement Wednesday. “We want to thank the fans supporting us, the local officials and businesses that have encouraged us, the State of Texas, Circuit of The Americas’ staff and Bernie himself.”

Circuit of the Americas officials had pledged to pay F1’s sanctioning fee, but a dispute over signing a final contract and the long-term financing had not yet been resolved, prompting Ecclestone to extend the deadline.

The initial dispute was caused by F1’s decision to scrap a previous contract it had with Tavo Hellmund, a former driver with family ties to Ecclestone who was originally granted the right to stage the U.S. Grand Prix.