News Details
Boost for COTA as letter guaranteeing funding discovered
The United States Grand Prix held at the Circuit of the Americas in Texas has received fresh hope that its future could be secured, following the discovery of a letter guaranteeing its state funding. Just two weeks after the 2015 event, the new government informed circuit bosses that it would cut its contribution from $25 million annually to just $19.5m, creating a massive funding shortfall. COTA Chairman, Bobby Epstein, admitted they were "screwed" and hinted that they might take legal action against the local government, believing they had a ten-year funding guarantee. Forbes revealed this week that a letter from former state comptroller Susan Combs has now emerged,...
Full Story »
Full Story »
10y ago from GrandPrixTimes.com
0
You May Also Be Interested In...
Fresh hope for Circuit of the Americas
Barely two weeks after the United States Grand Prix at the Circuit of the...
10y ago from Pitpass.com
Commitment to pay $25m provides lifeline for USGP
XPB Images
A commitment from the State of Texas to pay...
10y ago from F1i.com
Ecclestone casts more doubt on 2016 USGP
XPB Images
Bernie Ecclestone has voiced his doubts over...
10y ago from F1i.com
Haas on track to roll out new F1 car for Barcelona test
Formula One debutants Haas are on schedule to roll out their new car at...
10y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Aleix Espargaro hospitalised after crash in Sepang...
No description available...
12h ago from Motorsport.com
Pedro Acosta says teaming up with Marc Marquez would...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Andretti confirmed to field just three cars for Indy...
Andretti Global has confirmed that the team will only run three cars in...
34m ago from MotorsportWeek.c...
AJ Foyt Racing adds Toby Sowery as reserve driver
No description available...
6h ago from Motorsport.com
Toby Sowery joins AJ Foyt Racing in IndyCar reserve...
AJ Foyt Racing has appointed Toby Sowery as the team’s reserve driver...
5h ago from MotorsportWeek.c...
Feature: RLL’s split fortunes in Barber highlight...
At the most recent IndyCar race from Barber Motorsports Park, Graham...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hyundai brings updates to WRC Rally Croatia, but will...
No description available...
5h ago from Motorsport.com
Motorsport Week is hiring – Rally and Sportscar...
Motorsport Media Services are looking to expand its coverage, and in...
22h ago from MotorsportWeek.c...
How Takamoto Katsuta’s maiden WRC win is impacting...
No description available...
1d ago from Motorsport.com
Hyundai continues to honour Craig Breen's memory
Hyundai Shell Mobis World Rally Team will run a special livery at this...
2d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Liverpool eye long-term attacking solution with move...
Christian Kofane could be on the move during the summer transfer window,...
1h ago from CaughtOffside.com
Arsenal, Chelsea & Man United want one of PL's...
Morgan Rogers has been linked with a move away from Aston Villa at the end...
2h ago from CaughtOffside.com
'Might need someone like him to lean on' - Rio...
Manchester United legend Rio Ferdinand believes Max Dowman will be a key...
3h ago from SportsKeeda.com
Manchester United handed boost as Arsenal ready to...
Manchester United has reportedly been handed a boost in their pursuit of...
3h ago from SportsKeeda.com
Comments
Hottest News
Another Red Bull F1 chief could be about to follow GP out...
A Red Bull F1 chief could also follow Gianpiero... Read More »
1h ago from GPFans.com
How Gianpiero Lambiase's McLaren move could cause seismic...
With Gianpiero Lambiase confirmed to be making a... Read More »
2h ago from MotorsportWeek.com
F1 champion Lando Norris spotted with model after split...
2025 F1 world champion Lando Norris has been... Read More »
44m ago from GPFans.com
