News Details
Ecclestone gives Austin some breathing space
Following a shortfall in its state subsidy, Bernie Ecclestone is allowing COTA to pay race hosting fees late. The shortfall is due to changes to the way in which the benefits of hosting the race in Austin are calculated, this in turn following control of such matters coming under the jurisdiction of Governor Greg Abbott’s office, the original deal having been agreed by (then) Governor Rick Perry and state Comptroller Susan Combs. In 2012, 2103 and 2014, the state paid $25m, but this year, just weeks before the race was to be held it was announced that the subsidy would drop to $19.5m, leading to Circuit of the Americas Chairman Bobby Epstein to famously admit 'we're screwed'....
Full Story »
Full Story »
9y ago from Pitpass.com
0
You May Also Be Interested In...
'We're screwed' says COTA chairman as funding is cut
The United States Grand Prix, held at the Circuit of the Americas in...
9y ago from GrandPrixTimes.com
Future of US F1 Grand Prix in doubt
Formula One's commercial supremo Bernie Ecclestone has expressed concern...
9y ago from SuperSport.com
Austin's F1 race is in jeopardy, no USGP again?
F1 News Austin's F1 race is in jeopardy, no USGP again? Formula1blog.com...
9y ago from Formula1Blog.com
COTA chairman: I think we're screwed
The Circuit of the Americas (COTA) has been hit by a funding cut, leading...
9y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
The CRB is the F1 ‘court’ that could unlock Jorge...
No description available...
8h ago from Motorsport.com
Aprilia preparing test for Jorge Martin ahead return...
Aprilia is prepared to organise a special test for MotoGP World Champion...
1d ago from MotorsportWeek.c...
Why Assen Moto2 winner Diego Moreira is in pole...
No description available...
1d ago from Motorsport.com
Gresini reveals extent of Alex Marquez's injuries...
Gresini Racing team manager Michele Masini revealed the extent of Alex...
4d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Feature: Evaluating IndyCar’s hybrid power system...
The NTT IndyCar Series introduced its long-developed hybrid system in the...
5h ago from MotorsportWeek.c...
RLL having to ‘unwind’ and ‘backtrack’...
Rahal Letterman Lanigan Racing is making a concerted effort to move...
1d ago from MotorsportWeek.c...
IndyCar will not return to Thermal Club in 2026...
According to comments made by Thermal Club founder and owner Tim Rogers,...
1w ago from MotorsportWeek.c...
Where does Santino Ferrucci see his first IndyCar win...
No description available...
6d ago from Motorsport.com
Popular On TotalWRC.com
Oliver Solberg to make WRC Rally1 outing with Toyota...
No description available...
11h ago from Motorsport.com
Sebastien Ogier to make WRC return at Rally Finland
No description available...
1d ago from Motorsport.com
New WRC 2027 regulations draw interest from tuners and...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Reliable source says Arsenal have made progress to...
Arsenal transfers are taking shape as they look to have made major...
6m ago from FreshArsenal.com
Arsenal eyeing up summer move for 60 million...
According to The Independent, Arsenal are in contact with Lyon over the...
2h ago from SportsKeeda.com
Report: Club open door for 90m forward to join Arsenal
Arsenal have been handed a major boost in their attempts to make a marquee...
5h ago from FreshArsenal.com
Arsenal handed boost as priority target's current club...
Arsenal have been handed a boost in their pursuit of Real Madrid ace...
5h ago from SportsKeeda.com
Comments
Hottest News
Jos Verstappen retaliates after confident Red Bull exit...
Jos Verstappen has hit back over claims regarding... Read More »
1h ago from GPFans.com
Charles Leclerc’s Ferrari in FIA summons at British Grand...
Ferrari F1 star Charles Leclerc has had his SF-25... Read More »
1h ago from GPFans.com
Max Verstappen rejects career option as Daniel Ricciardo...
Catch up on the biggest F1 news stories of the... Read More »
55m ago from RacingNews365.com
