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COTA chairman: I think we're screwed
The Circuit of the Americas (COTA) has been hit by a funding cut, leading to doubts over the future of the United States Grand Prix. The Texas track made its Formula 1 debut in 2012 and the first four editions have been a major success, but the event is facing uncertainty after the State of Texas announced a 20 percent reduction in funding. The first three races received $25m per year, but it dropped to $19 million for this year's grand prix, leaving the circuit with a $6m shortfall on top of the reduction in ticket sales due to bad weather. 'To use a technical term, I think we're screwed,' circuit chairman Bobby Epstein told the American-Statesman. 'It hit us cold. No one could foresee...
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10y ago from PlanetF1.com
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