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 »
10y 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...
10y ago from GrandPrixTimes.com
Future of US F1 Grand Prix in doubt
Formula One's commercial supremo Bernie Ecclestone has expressed concern...
10y 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...
10y 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...
10y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Honda pinpoints potential ‘advantage' ahead of...
Honda technical director Romano Albesiano believes there is one specific...
1d ago from MotorsportWeek.c...
Toprak Razgatlioglu’s manager backs Pramac...
No description available...
1d ago from Motorsport.com
Toprak Razgatlioglu admits MotoGP adaptation...
Toprak Razgatlioglu has admitted that his adaptation to MotoGP feels...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Pato O'Ward on the 'red flag' that has prevented an...
No description available...
38m ago from Motorsport.com
IndyCar drivers impressed with ‘new standard’...
IndyCar is in the middle of a busy race weekend on a brand new street...
1h ago from MotorsportWeek.c...
How to watch the IndyCar Grand Prix of Arlington:...
No description available...
20h ago from Motorsport.com
Conor Daly snags Indy 500 ride with Dreyer and Reinbold
Dreyer and Reinbold Racing has announced that Conor Daly will drive for...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Solberg clings on to Safari Rally lead as Ogier hunts...
Oliver Solberg started Friday with a 33.3 second lead over Elfyn Evans...
1h ago from MotorsportWeek.c...
WRC Safari Rally Kenya: Oliver Solberg hangs on to...
No description available...
2h ago from Motorsport.com
WRC Monte Carlo: Oliver Solberg takes early lead...
No description available...
7h ago from Motorsport.com
WRC Monte Carlo: Why is the Monaco Circuit stage so...
No description available...
7h ago from Motorsport.com
Popular On GunnersToday.com
Mikel Arteta provides fitness update on 2 key Arsenal...
Arsenal coach Mikel Arteta has shared fitness updates for key players...
58m ago from SportsKeeda.com
Premier League news: Carrick backs Maguire for World...
No description available...
1h ago from TheGuardian.com
Arsenal vs Everton preview: Odegaard and Trossard...
No description available...
2h ago from SkySports.com
Pep Guardiola sends warning to Manchester City squad...
Manchester City boss Pep Guardiola has sent a warning to his side about...
3h ago from SportsKeeda.com
Comments
Hottest News
Adrian Newey blasted for Aston Martin disaster: 'He should...
Former F1 team manager Peter Windsor has... Read More »
2h ago from GPFans.com
F1: Our advantage is the corners, says Wolff
Toto Wolff insists that where the W17 is beating... Read More »
48m ago from Pitpass.com
F1 ‘set to cancel’ 2026 races this weekend
F1 are set to cancel two of 2026's scheduled... Read More »
1h ago from GPFans.com
