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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 Texas state government has dramatically reduced the subsidy it pays to to the Circuit of the Americas, which in effect covers F1's sanction fee. Originally, the state had made a $250m commitment over 10 years, and the race received $25m per year in 2012, 2013, and 2014, but this has been cut to $19.5m for this year. The circuit was made aware of this number before the 2015 race weekend, although the news has only just emerged. It comes on top of the losses caused by the bad weather at this year's event, which led to reduced sales of concessions and also had an impact on the event's viability. "To use a technical...
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9y ago from Motorsport.com
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