New Delhi: Snubbed by the Jaypee Group at the last minute, the season-ending races of JK Racing Asia Series are likely to be moved to Malaysia but the organisers would have to shell out around Rs 50 lakh extra to hold the finale.

The organisers have been told that the series, which is an FIA approved event, cannot be held there due to maintenance work at the Buddh International Circuit, venue of India's first ever Formula One Grand Prix last month.

However, reports say that another race event scheduled at BIC on November 21-22 has not been cancelled.

The final round of the JK National Racing championship has also been shifted back to Chennai due to the last minute refusal by the Jaypee Group.

The Asia Super Series races were to be held on November 26 and 27 but now the dates have to be tweaked.

India cannot hold the event in any other city since the other tracks are not FIA homologated.

A source in the thick of the things said that talks are on with several countries for hosting the event and most likely Malyasia will get it.

The organisers are very much disappointed by the ditch and warned that the move will not have a good impact on the sport as far as popularity is concerned.

"We were told that we can't get the Circuit since maintenance work will start there. Now we need to put our act together. There are lot of things we need to do. This is really disappointing. If you will not give space to races, how will you create fans base in India," a senior JK official, who did not wish to be named, said.

"They must have their own compulsions but now we have do everything from one. From hotel booking to local transportation and other logistics, which means an extra burden of around Rs 50 lakh," he added.

The organisers have a tough task at hand as they have to complete the finale by the first week of December which means that they have about two weeks to make all the arrangements.

A lot of work goes in the run up to the race as the event has to be advertised well and the cars need to be moved out and shipped to the host country in time.

At present all the cars are parked at the BIC as the last race was held there as a support race for the Indian GP.