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
Jorge Martin calls for Barcelona safety improvements...
No description available...
1h ago from Motorsport.com
Pedro Acosta leads the way in second Barcelona MotoGP...
KTM rider Pedro Acosta ended Friday's work on top of the timesheets after...
3h ago from MotorsportWeek.c...
MotoGP Catalan GP: Pedro Acosta tops practice, Jorge...
No description available...
3h ago from Motorsport.com
Popular On IndyCarToday.com
Robert Shwartzman says it's "pretty tough"...
No description available...
1h ago from Motorsport.com
Daniel Ricciardo pushes back on claims F1 drivers look...
No description available...
3h ago from Motorsport.com
Exclusive: RLL President praises Mick Schumacher as...
No description available...
5h ago from Motorsport.com
Pato O’Ward quickest as Takuma Sato previews Indy...
For the third consecutive day, the 33 drivers of the 110th Indianapolis...
19h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Why returning to the WRC podium was so important for...
No description available...
2d ago from Motorsport.com
How Sebastien Ogier’s near-perfect Rally Portugal...
No description available...
4d ago from Motorsport.com
WRC Portugal: Thierry Neuville inherits lead as...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Arteta identifies 45m-rated long-term midfield partner...
Arsenal are interested in signing Mateus Fernandes from West Ham United at...
1h ago from CaughtOffside.com
William Gallas asks Arsenal to replace summer signing...
Former Chelsea star William Gallas has urged Mikel Arteta to replace one...
2h ago from SportsKeeda.com
Serious concern over Arsenal star as 50m transfer fee...
Arsenal reportedly have a serious concern over Gabriel Martinelli's...
5h ago from CaughtOffside.com
Bruno Fernandes names the Arsenal star he was 'really...
Manchester United star Bruno Fernandes has admitted he was sad when Declan...
7h ago from CaughtOffside.com
Comments
Hottest News
McLaren F1 chief sends letter to FIA president in urgent...
McLaren F1 CEO Zak Brown has penned a letter to... Read More »
1h ago from GPFans.com
F1 driver sends incredible message to fans: 'If you don't...
Audi F1 star Nico Hulkenberg has provided a blunt... Read More »
58m ago from GPFans.com
F1 News Today: Ferrari could face Canadian GP pain as Aston...
Our prayers have been answered and finally fans... Read More »
3h ago from GPFans.com
