News Details
'We're screwed' says COTA chairman as funding is cut
The United States Grand Prix, held at the Circuit of the Americas in Austin, could be under threat after the State of Texas announced it will be cutting its funding for the event. The race was built upon a deal with the local government that provided around $25 million in annual funding through an events subsidy, with the amount based on its economic impact on the region. However it's now believed the state will reduce that amount by around 20 per cent to $19m, hitting the circuit with a roughly $6m funding shortfall with which it must now cover itself. "To use a technical term, I think we're screwed," COTA chairman Bobby Epstein said. "It's hit us cold. No one...
Full Story »
Full Story »
10y ago from GrandPrixTimes.com
0
You May Also Be Interested In...
Austin's F1 race is in jeopardy, no USGP again?
F1 News Austin's F1 race is in jeopardy, no USGP again? Formula1blog.com...
10y ago from Formula1Blog.com
Mexico Circuit President Willing to Work with COTA
The President of the Autodromo Hermanos Rodriguez believes that...
10y ago from F1Hub.net
2015 Brazilian Grand Prix: Recent History Should...
Much of the intrigue of the 2015 FIA Formula 1 World Championship...
10y ago from TheCheckeredFlag....
US GP future under threat as Texas cuts state subsidy
The future of the US GP has been thrown into doubt by the news that the...
10y ago from Motorsport.com
Elsewhere On The Network
Popular On MGPToday.com
Trackhouse boss reveals steps MotoGP must take to...
Trackhouse owner Justin Marks has revealed how he plans to promote his...
37m ago from MotorsportWeek.c...
Alex Marquez still involved in Ducati’s MotoGP...
No description available...
3h ago from Motorsport.com
Aleix Espargaro to undergo surgery after vertebral...
No description available...
4h ago from Motorsport.com
Nicolo Bulega is not Ducati's "first choice"...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Christian Lundgaard: Bye week a chance to “unite”...
No description available...
15h ago from Motorsport.com
Roger Penske adds voice to discussion on US sports...
Roger Penske, owner of the NTT IndyCar Series and the Indianapolis Motor...
18h ago from MotorsportWeek.c...
Tweaked single-car Fast Six qualifying set for...
No description available...
1d ago from Motorsport.com
OpenAI expands partnership with Chip Ganassi Racing to...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Why WRC Croatia victory was “quite special” for...
No description available...
1d ago from Motorsport.com
Thierry Neuville crashes out of Croatia lead in final...
A dramatic WRC Rally Croatia kept the biggest shock for the Wolf Power...
3d ago from MotorsportWeek.c...
WRC Croatia: Driver crashes… then sits down for...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
'Try and act normal for once' - Steve Nicol calls out...
Former Liverpool defender Steve Nicol has criticized Arsenal boss Mikel...
47m ago from SportsKeeda.com
Arsenal latest: Odegaard explains injury absence
No description available...
47m ago from SkySports.com
Arsenal star open to summer exit, change of agent...
Arsenal forward Gabriel Jesus could find himself at the center of transfer...
4h ago from CaughtOffside.com
'They didn't have an answer' - Thierry Henry explains...
Arsenal legend Thierry Henry reckons Sporting CP could get the better of...
6h ago from SportsKeeda.com
Comments
Hottest News
Ferrari admits to ‘huge step' behind Mercedes ahead...
Ferrari team principal Fred Vasseur acknowledged... Read More »
57m ago from MotorsportWeek.com
Lando Norris included on important list featuring Donald...
Lando Norris is the only F1 driver to feature on... Read More »
57m ago from RacingNews365.com
Domenicali responds to Verstappen criticism with subtle...
Stefano Domenicali has urged caution from Formula... Read More »
47m ago from F1i.com
