News Details
Ecclestone grants Austin extra time to pay hosting fee
The United States Grand Prix, hosted at Austin's Circuit of the Americas, has been cut some slack by Bernie Ecclestone in light of funding cuts by the local government. COTA had been receiving around $25 million (£16.4m) in state funding, much of which is used to cover the hosting fee demanded by Formula One Management. However this year that has been cut to just $19m (£12.4m) due to the way in which the races economic impact is calculated. As a result, Ecclestone has granted the race organisers additional time to pay their fee for the 2015 event. "We said they can pay late this year," the 85-year-old told the Austin American-Statesman. "They get money...
Full Story »
Full Story »
10y ago from GrandPrixTimes.com
0
You May Also Be Interested In...
Ecclestone gives Austin some breathing space
Following a shortfall in its state subsidy, Bernie Ecclestone is allowing...
10y ago from Pitpass.com
'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
Austin yet to pay Formula 1 fee for 2015
Formula 1 supremo Bernie Ecclestone hopes Austin can get the future of...
10y ago from GrandPrix247.com
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
Nicolo Bulega is not Ducati's "first choice"...
No description available...
18h ago from Motorsport.com
How Ai Ogura is starting to fulfil his MotoGP potential
No description available...
21h ago from Motorsport.com
Ducati carries out 850cc MotoGP bike shakedown at...
No description available...
1d ago from Motorsport.com
Pedro Acosta fears intense MotoGP format means shorter...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Christian Lundgaard: Bye week a chance to “unite”...
No description available...
9h 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...
12h 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...
2d ago from MotorsportWeek.c...
WRC Croatia: Driver crashes… then sits down for...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
‘No fear. Pure fire’: Mikel Arteta rallies wounded...
ager calls on players and fans to embrace the chance of Champions League...
1h ago from TheGuardian.com
'They didn't have an answer' - Thierry Henry explains...
Arsenal legend Thierry Henry reckons Sporting CP could get the better of...
17m ago from SportsKeeda.com
Sources: Arsenal willing to sell Jesus and Havertz to...
Arsenal are intensifying their efforts to secure the signing of Julián...
2h ago from CaughtOffside.com
We have a big game on Wednesday, not just Sunday
Morning. This feels like such a strange week because at the forefront of...
1h ago from Arseblog.com
Comments
Hottest News
FIA clamps down on ‘dangerous' energy trick
Apr.15 The FIA has moved quickly to ban a... Read More »
57m ago from OneStopStrategy.com
Charles Leclerc 'could be tempted' by sensational move to...
Charles Leclerc is green, white and rosso corsa... Read More »
1h ago from GPFans.com
Aston Martin F1 crisis laid bare as Martin Brundle puts...
When someone is described as being in 'a league... Read More »
56m ago from GPFans.com
